Porsche is paying bonus to employees as a goodwill gesture

Porsche seems to be on a roll. Last week we reported about Porsche making the highest profit among niche brands. Now, Porsche bosses seem to be very happy with the performance of the company as a whole and have decided to pay the bonus. 

Porsche employees will receive a special bonus of up to €8,200 (Rs 6.97 lakh) gross. This payment will include two parts €7,600 (Rs 6.46 lakh) paid to commemorate the profits made by the company; the second part €600 (Rs 51,000) will be added to the Porsche VarioRente (company pension) or to personal pension plans. About 15,000 employees will benefit from this special payment worked out according to individual working hours and period of employment. 

“The people behind the company are the guarantee that Porsche stays on course and will also set standards in the automotive sector in future,” said Matthias Müller, Chairman of the Executive Board of Porsche AG.

Uwe Hück, Chairman of the Joint Works Council said, “That’s absolutely fantastic. And the great thing is that all employees in Germany subject to pay agreements will get it, regardless of whether they work on a production line, in an office or as engineers. But we’re not getting it for nothing. The employees have earned it through their extraordinary performance, flexibility and increased productivity.”

The year 2013 has been very profitable for Porsche. In this same period their deliveries increased by around 15 percent as compared to 2012, and the company’s sales grew by three percent and operating profit by six percent.

It is generous of Porsche to have paid the special bonus and this will definitely boost the morale of employees. It is wise to say Porsche has flourished under the management of VW group. The future might see addition of a new model in the 911 range and also efforts to spruce up production of the Macan SUV.

Read our previous report on Porsche's profitability

Source: Carscoops