Carmakers, property firms in Thailand dole out biggest bonuses to employees

Carmakers, property firms in Thailand dole out biggest bonuses to employees

THAILAND - Recovering strongly from last year's floods, companies in the automotive and property industries have become the darlings of their employees, offering the highest bonuses.

According to data compiled by The Nation, Toyota Motor Thailand pleased its employees with a bonus worth 8.5 months of salary, in response to the company's dazzling performance this year.

In the first 11 months, Toyota sold 475,820 vehicles, up by 72.9 per cent from the same period in 2011.

Trailing closely behind was Honda Automobile (Thailand), which had to shut down its manufacturing facility in Ayutthaya for six months.

After resuming operations at the end of March, the company won huge orders, for total sales of 150,745 vehicles in the first 11 months, an increase of 84.4 per cent.

The company therefore has good reason to reward its hard-working employees with a six-month bonus.

At Chevrolet Thailand, which has enjoyed tremendous sales growth this year, the bonus is four months.

Most Japanese auto companies award annual bonuses after the end of the fiscal year in March.

Employees at Ford Thailand Co will also get their bonuses next year.

"We get our bonus in April, and the amount depends on Ford's sales performance in the Asia-Pacific region, including all its investments," a Ford employee said.

BMW Thailand employees also expect their bonus in April.

Sales of the luxury brand have gone up by an average of 40 per cent this year.

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