Deutsche Post Plans EUR200 Million in Employee Bonuses
July 07 2020 - 12:14PM
Dow Jones News
By Sarah Sloat
Deutsche Post AG said Tuesday it would pay employees world-wide
a bonus amounting to roughly 200 million euros ($226 million) in
recognition of their work during the pandemic.
The amount represents EUR300 per person for 500,000 full-time
employees, the German postal and logistics company said. The
bonuses will be paid out and accounted for as personnel expenses in
the third quarter.
After operating earnings rose in the second quarter despite the
pandemic, the company attributed its performance to its
employees.
"Only through the tireless efforts of our teams have we managed
to keep supply chains up and running and thus maintained the
worldwide supply," Chief Executive Frank Appel said.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
July 07, 2020 12:59 ET (16:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Deutsche Post (PK) (USOTC:DPSGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deutsche Post (PK) (USOTC:DPSGY)
Historical Stock Chart
From Apr 2023 to Apr 2024