2013 G63 AMG Driven, 2013 BMW 7-Series, Diamond Paint: Today's...

Ducati Team Completes Two-Day Mugello Test

2012 Renault Alpine A110-50 Concept Debuts: Video
INDYCAR Aero Kit Parameters Released To Prospective Suppliers

Voting Open For The SEMA Mustang Designed And Built By Women

McLaren Race Car Builder Joins Road Car Unit In Woking
Renault Looking To Launch Luxury Sub-Brand With Help From...

Formula 1 Monaco Grand Prix Preview

2014 Audi S3 Hatchback Spy Shots

Porsche rewards every employee with €5,200 bonus

Ralph Hanson

Author

LATEST ARTICLE
Report: Chevrolet Camaro Z28 Back On Production Path
When General Motors' financial situation turned from serious to bankruptcy-bound, two of the first... Read More

N/ALEADERBOARD RANK
1799ARTICLES CONTRIBUTED
0COMMENTS POSTED

1 1,199 views Oct 5, 2007

Porsche rewards every employee with €5,200 bonus

Enlarge Photo

Porsche may be a niche label but it remains one of the most profitable carmakers in the world and expects to see profits lift even further than the record levels of 2006. Officials said sales rose 3.4% to €7.4 billion for the last financial year, while sales grew by 0.7% to 97,515 units in total. Porsche also earns a significant portion of its profit from its majority stake in VW Group, which is also enjoying record sales.

Things are looking so cheery for Porsche that it can afford to offer a one-off bonus to all its full-time employees that joined before August 2006, roughly 8,000 in all, amounting to €5,200 (US$7,350). Compare this with the situation in the U.S. where workers at GM were forced to strike for their health care coverage and pension payouts.

Both the management and unions agree the record profits are the result of increases made to productivity, flexibility and quality in the company and most importantly because of the dedicated work of its staff. This is why Porsche is once again handing out a share of the gross company profits to its hard-working employees.

Posted in:

Porsche News Industry

Contribute

Send us a tip Comment Contact the editor

Have an opinion?Join the conversation!

Comment (1)

By Gus Posted: 10/6/2007 10:56am PDT

Good for them. They build a top quality product for people with wealth to spare. They are not screwing anybody and deserve what profits they can make.

Post Reply

Vote

Bad stuff?