Daimler staff will get around 280 million euros ($417.4 million) in profit-sharing payments in cash after the German carmaker ditched plans to switch to stock awards as a way to conserve liquidity.
Daimler said on Tuesday it made the change in consultation with the works council because tax issues made the proposed system unattractive. Staff will now get 1,900 euros each plus interest with their December pay slips.
