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DPSGY Deutsche Post AG (PK)

49.33
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Deutsche Post AG (PK) USOTC:DPSGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 49.33 0.00 01:00:00

Deutsche Post Plans EUR200 Million in Employee Bonuses

07/07/2020 6:14pm

Dow Jones News


Deutsche Post (PK) (USOTC:DPSGY)
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   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.

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