Porsche employees receive big bonus
The company announced a generous bonus for all Porsche employees globally after a financially successful 2016.
On the back of record sales, German luxury carmaker Porsche is rewarding every single one of its 21,000 employees with a generous bonus of €9,111 (S$13,700).
From factory workers and janitors to senior corporate executives, all employees will receive the same bonus amount, also a cheeky reference to the famous Porsche 911 car model.
In 2016, the company recorded revenue of S$33.6 billion, up 4% from the year before.
“For Porsche, 2016 was an eventful, emotional and, above all, highly successful year. This was thanks to our employees”, said Oliver Blume, Chairman of the Executive Board of Porsche AG.
This is not the first time Porsche has given out across-the-board bonuses. Last year, the company gave all German employees €8,911 (S$13,300) in bonuses.
During the 2016 financial year, the sports car manufacturer increased its deliveries by 6% to 237,778 vehicles. Returns experienced particularly impressive growth, increasing from 15.8% (2015) to 17.4%. By the end of 2016, Porsche's workforce had grown by 13% to 27,612 employees.