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Special 8 200 euro bonus for Porsche employees in GermanySports car manufacturer remunerates its best business year 2013

Stuttgart. After the most successful year in the company's history, the employees at Dr. Ing. h.c. F. Porsche AG in Germany will receive a voluntary special payment of up to 8 200 euro gross. This was agreed by the company Executive Board and the Joint Works Council. The special payment includes two components: 7 600 euro will be paid based on the positive operating result and for the special achievement on the part of the employees in the 2013 business year. 600 euro will be paid as a special contribution to the Porsche VarioRente (company pension) or to personal pension plans.

In the 2013 business year, which was marked by the 50th anniversary of the sports car icon 911, Porsche increased its deliveries by around 15 per cent compared to 2012 and its sales by three per cent and operating result by six per cent. The special payment for 2013 will be paid to about 15 000 employees of Porsche AG, adjusted for individual working hours and period of employment.

Matthias Müller, Chairman of the Executive Board of Porsche AG, thanked the employees for their daily efforts, flexibility and motivation: "The people behind the company are the guarantee that Porsche stays on course and will also set standards in the automotive sector in future." Over the past few years the company has continued to increase sales, turnover and profits "and the new records underpin once again our claim to remain the most successful manufacturer of premium sports cars. This is an ambitious aim in an increasingly tougher competition which we can only settle thanks to the extraordinary commitment of our employees to our favour."

Thomas Edig, Member of the Executive Board for Human Resources, explains: "By making the special contribution of 600 euro towards the highly attractive Porsche VarioRente pension plan, Porsche is offering another way to extend employee-funded private pensions. This decision is an innovative step that further reinforces our profile as an excellent employer."

Uwe Hück, Chairman of the Joint Works Council emphasised that "Porsche is and will remain in the fore! We can also say in good conscience that with reference to the special payment of 8 200 euro. 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. My motto is: profits are important to defend social accomplishments. And Porsche is showing that high returns and social responsibility are not opposites. This is why we are challenging the threat of poverty in old age and why 600 euro of our bonus are intended for the Porsche VarioRente, the company pension, or for personal pension plans. This is how the employers and employee representatives at Porsche can show how seriously they take their responsibilities."

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3/14/2014