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That is roughly a 1.2% raise. Maybe Lego employees or Lego management can't do math.
by sitkack 5y ago
That is roughly a 1.2% raise. Maybe Lego employees or Lego management can't do math.
- blitzar 5y ago1.2% pay raise could wipe out 100% of the profits depending on the profit margins the company is operating.
- eesmith 5y agoValues from the article: > net profit of more than 6.3bn Danish kronor ($954m) for the first half of 2021 – an increase of 140% on the same period in 2020. > 20,000 employees salary * 20000 * 0.012 = $954m => salary = $3,975,000 I strongly suspect the average wage at Lego is NOT approaching $4M/yr.
- sitkack 5y agoRaises are nice, profit sharing is better.