Daimler celebrates 125th anniversary by giving $1,370 to each worker

In celebration of its 125th anniversary , Daimler AG will be paying out 125 million euros, or $170 million to its 260,000 employees around the globe.  The payout will be based on time of service with employees working with the company for at least a year being eligible.  The average payout will be around $1,370 per worker.

Carl Benz, who is credited with creating the world’s first combustion engine-powered vehicle filed his patent on Jan. 29, 1886.  Although his name was removed from the company’s name when it merged with Chrysler, it remains in the Mercedes-Benz brand.

Separately, the company has agreed with its employee council to pay $4,315 bonuses to workers in Germany to reflect a successful 2010.

-By: Stephen Calogera

Source: Detroit News

Chris Chin

Chris Chin is the Editor-In-Chief of egmCarTech and is a regular contributor to Automobile Magazine.

admin has 4428 posts and counting.See all posts by admin