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Romanian Car Mkr Dacia Grants Over EUR2M In Vacation Bonuses To Employees In ‘09

Romanian automaker Dacia, owned by French Renault, will grant vacation bonuses of 610 lei (EUR1=RON4.2397) this year for each of its nearly 14,000 employees, with the total net value of bonuses amounting to RON8.54 million (EUR2.01 million).
Romanian Car Mkr Dacia Grants Over EUR2M In Vacation Bonuses To Employees In ‘09
21 iul. 2009, 12:05, English

Thus, each employee will receive a net bonus of RON610, while its gross value reaches RON818.

"Dacia employees will get the money upfront. In fact, the money should have been paid in August, but, since the plant will undergo general overhauling starting August 3, the company’s management decided to grant vacation bonuses before this date," Dacia officials said Tuesday.

Dacia allocated total funds worth RON11.45 million (EUR2.7 million) to pay these bonuses, of which, nearly EUR700,000 cover taxes to the state budget.

Vacation bonuses are part of the salary package negotiated within the 2009 collective labor contract.

Dacia’s plant in Mioveni, southern Romania, will halt activity for four weeks, starting August 3, for general overhauling, and its approximately 14,000 employees will be on leave in August.

According to Romania’s Association of Carmakers and Importers in Romania (APIA), nearly 220,000 people work in the auto sector and related activities.