The Munich car maker BMW is known for its good pay.
The usual rate is 13.7 monthly salaries - and a nice profit-sharing bonus in spring.
Munich - The Munich-based car
manufacturer BMW
* attaches great importance to a civilized approach to its employees.
This also applies in times of economic tension.
While arch-rival
Daimler,
for
example, has
publicly and sometimes violently clashed with the works council because of the planned deletion of at least 15,000 positions (“Company spanks the asses of kind employees”), the Bavarians are still very well-mannered.
It is true that
BMW
staff will also be cut.
We are talking about 6,000 jobs in Germany.
But instead of pithy words, the topic is
cleared almost noiselessly
in the world-famous
four
-
cylinder
at Munich's Petuelring.
BMW: Car maker saddles on the current collective agreement properly
But
BMW
and its employees just know what they have in common.
This may partly be due to the consensus-oriented Bavarian corporate culture, but also to the - in an industry comparison - very good conditions.
Depending on the salary level, training and length of employment,
BMW
employees
earn
between 2399 and 5819 euros gross per month thanks to the applicable collective agreement for the metal and electrical industry.
There is also a performance bonus averaging 14 percent.
In addition,
according to the IG Metall tariff
,
BMW
employees
receive
a vacation pay of 69 percent of a monthly salary.
There is also a Christmas bonus.
BMW increases
the collectively agreed share of 55 percent of a month's salary
by up to 45 percent, depending on the length of service.
The Munich-based car manufacturer pays its employees a total of 13.7 monthly salaries and a profit-sharing bonus.
For 2019 that was - depending on the tariff level - between 9,175 and 15,700 euros on top.
BMW: Group still leaves profit-sharing open for 2020
How the profit-sharing will turn out for the past year is currently still open.
The corresponding distribution for the past year “depends on the annual financial statements, which will be presented on March 17th at our annual press conference”, a
BMW
spokeswoman told Merkur.de on Tuesday.
BMW: Strong year-end spurt
BMW can
look back on an unusually volatile year.
After a weak first half of the year due to the
Corona
* pandemic, Bayern had made a strong final spurt.
In the fourth quarter alone, the free cash inflow in the core business relating to the
BMW
,
Mini
* and
Rolls-Royce
brands rose
by 86 percent to around 2.8 billion euros.
For the year as a whole, free cash flow climbed to 3.4 billion euros after 2.6 billion in the previous year.
This would give Bayern a lot of leeway, especially since
BMW
did not pay its employees a Corona bonus * last year - in contrast to other companies such as
Adidas
,
Daimler
or
Siemens
.
The uncertainty due to the corona pandemic and the shortages in semiconductors * remains high.
In addition, following the
VAT cut,
which is
limited to 2020,
demand on the home market is now likely to be subdued for the time being.
In addition, the group has to invest billions in the planned expansion of alternative drives.
But
BMW
boss
Oliver Zipse
* may not risk a
bad mood among employees because of a possibly too stingy profit sharing
- Corona or not.
* Merkur.de is part of the nationwide Ippen digital network.