German Manager Magazine: Porsche: Bonus for employees increases to almost 9,700 euros003169

The employees of the Porsche AG will benefit from the better business figures of the sports and off-road vehicle manufacturer with a bonus of up to 9,690 euros. The bonus for 2023 is therefore higher than in the previous year, as a spokeswoman announced on Wednesday in Stuttgart. The money will be paid out with your April salary. All employees at German locations who are permanently employed by Porsche AG and subsidiaries should receive the payment. This also includes Porsche Leipzig GmbH. In total there are more than 28,000 employees.

The amount of the voluntary special payment follows a certain logic and, according to the information, takes into account the key figures from the past two financial years. For the 2022 financial year they had Porsche employees receive up to 9,050 euros gross receive. A year earlier it was a maximum of 7,900 euros.

Parent company Volkswagen pays 4,735 euros

The VW subsidiary Porsche presented its business figures for the past year on Tuesday. Despite further supply chain disruptions, strong inflation and high investments, the sports car manufacturer is generating more sales and profits. The amount of the annual special payment is traditionally generous for the people of Stuttgart. For comparison: at the parent company Volkswagen The employees receive a bonus of 4,735 euros for the past year.

“Our employees can be very proud of our results,” said Porsche Human Resources Director Andreas Haffner (59). The special payment has been available at Porsche since 1997. In conjunction with the bonus, the board of directors and the works council called for donations.

The Volkswagen Group The bottom line was that it made more profit last year and benefited from improvements in day-to-day business. The result after taxes increased from 15.8 billion euros in the previous year to 17.9 billion euros, as the DAX group announced on Wednesday in Berlin. That’s an increase of around 13 percent. The Cariad software division

increased its operating loss to 2.4 billion euros.

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