Coronavirus: oil company Liqui Moly gives employees a bonus during crisis
German motor oil and additive specialist Liqui Moly, part of Würth group, has decided to take a bold step to tackle the ongoing global crisis by giving all employees a bonus rather than reducing their hours during the Covid-19 pandemic.
In a company's press release, CEO Ernst Prost says that "special times call for special measures" and each employee is going to receive a €1,000 bonus as a thank you for the work and dedication.
Liqui Moly is currently running most operations remotely to protect employees and the company says that staff reacted brilliantly and "with great commitment and improvisation. " In fact, the CEO personally wrote a letter to the workforce telling employees that the situation is not only time-consuming but also "involves additional financial expenditure" and basically decided to give them an extra €1,000 each, in addition to their usual salaries, as a token of appreciation.
In the statement, Liqui Moly makes it clear that all employees worldwide are going to receive the same amount regardless of position, task and salary. As of January 2020, the company has over 930 employees and sells products in over 120 countries.