EvoBus Pays Employees €2,100 in Profit Sharing Following Record Year


OFFICIAL PRESS RELEASE

Stuttgart, Germany, Feb 17, 2009

* Payout to 11,000 employees in March

* Highest level of profit sharing since the establishment of EvoBus

* Maximum success-based component of €450 added to Evopensionskonto-Plus pension accounts

The EvoBus GmbH management team and the company’s General Works Council have jointly agreed to pay a voluntary profit-sharing bonus of €2,100 to all 11,000 eligible EvoBus employees. The bonus, which will be included with wage and salary payments for March 2009, is the highest profit sharing payout issued since the establishment of EvoBus in 1995.



Additionally, the company also will voluntarily add the maximum success-based component of €450 to Evopensionskonto-Plus pension accounts.

The success-based profit sharing payment and the maximum pension component are being used by the management team to reward the great effort and dedication of the workforce, and the contribution it made to the operating result in 2008.

The basis for the profit sharing payout is the very good business development at EvoBus GmbH last year, when the company once again set a new record by selling 10,900 Mercedes-Benz and Setra brand buses, or 13 percent more than in 2007.

EvoBus GmbH is a wholly owned Daimler subsidiary. The company’s profit sharing plan for its employees is negotiated by means of an internal agreement and is therefore separate from the system used at Daimler AG, whose Board of Management determines the Group’s profit sharing payout each year after consulting with the Works Council.

Copyright © 2009, Mercedes-Benz-Blog. All rights reserved.

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