DGAP-News: Balda AG: Balda wants to give employees a share in profit


Balda AG / Key word(s): Miscellaneous

19.05.2006 12:50


New profit-sharing scheme for growth in wages and salaries planned

Bad Oeynhausen – As from 1 June 2006, Balda AG wants to give its employees

a share in its profits. The specialist for components in high-performance

plastics intends to key the increase of its German employees’ wages and

salaries to the profit situation of the respective company. ‘Balda is not

governed by collective agreements, and for this reason we can orientate

ourselves towards the situation of the company,’ explains Volker Brinkmann,

chief financial officer (CFO). The new profit-sharing scheme will use the

pre-tax earnings (EBT) of the respective group subsidiary as the basis for

its calculations. ‘We invited the works councils to talks about the

implementation of such a profit-sharing scheme. Among others the key for

the distribution among the individual employees has to be fixed. This will

allow us to do in Germany what has been the norm for years in Asia and

Brazil: a performance-related bonus at year-end. The profit-sharing scheme

gives employees the chance to share in the performance of their company.

Moreover, we expect it to further strengthen motivation and

cost-consciousness among our employees,’ Brinkmann explains.

For questions please contact:

Balda AG

Frank Pellmann

(Human Resources)

Bergkirchener Staße 228

D-32549 Bad Oeynhausen

Telephone: (05734) 922-2708

E-mail: fpellmann@balda.de

Internet: www.balda.de

19.05.2006 Dissemination of a Corporate News, transmitted by DGAP –

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Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service