BMW unveils bonuses for German employees
THE ASSOCIATED PRESS
MUNICH, Germany -- BMW AG said Thursday its German employees could get profit-sharing bonuses worth more than a month-and-a-half's salary following a strong performance last year for the luxury automaker.
BMW said the bonuses, to be paid in July, will be its highest yet. The payments will range up to 156.8 percent of a month's wages, it said, compared with a top level last year of 155.9 percent.
"We are glad to be able again to pay out a record return to our employees for their extraordinary performance last year," the Munich-based company's personnel chief, Ernst Baumann, said in a statement.
The level of the payments depends on how long employees have worked for BMW, which has some 80,000 workers in Germany.
The company noted that it also has different profit-sharing plans outside Germany that are "oriented toward local conditions."
Shares in BMW gained 2.2 percent to close at 39.86 euros ($51.19) on the Frankfurt exchange.
THE ASSOCIATED PRESS
MUNICH, Germany -- BMW AG said Thursday its German employees could get profit-sharing bonuses worth more than a month-and-a-half's salary following a strong performance last year for the luxury automaker.
BMW said the bonuses, to be paid in July, will be its highest yet. The payments will range up to 156.8 percent of a month's wages, it said, compared with a top level last year of 155.9 percent.
"We are glad to be able again to pay out a record return to our employees for their extraordinary performance last year," the Munich-based company's personnel chief, Ernst Baumann, said in a statement.
The level of the payments depends on how long employees have worked for BMW, which has some 80,000 workers in Germany.
The company noted that it also has different profit-sharing plans outside Germany that are "oriented toward local conditions."
Shares in BMW gained 2.2 percent to close at 39.86 euros ($51.19) on the Frankfurt exchange.
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