Home / International News / News detail

Daimler scraps staff stock bonus plan, to pay cash

From Reuters| November 25 , 2009 09:15 BJT

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.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

1: XPENG MONA M03 model expected to surpass 100,000 units in cumulative deliveries by April

2: CATL works on development of 2nd-gen sodium-ion battery

3: Gasgoo Daily: SAIC-GM-Wuling, Bosch China sign strategic cooperation agreement

4: CATL, NIO forge strategic partnership to co-build battery swap network