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Porsche workers to get €8,000 each

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Porsche workers to get €8,000 each
Porsche CEO Matthias Müller (l) with CFO Lutz Meschke (r) unveiled Porsche's results on Friday. Photo: DPA
15:40 CET+01:00
Luxury car maker Porsche will give its workers €8,000 each as it celebrates a record year. The Stuttgart-based firm reported operating profit in 2013 of €2.58 billion – a six percent rise on the year before.

At 162,145 vehicles, deliveries also rose by 15 percent on 2012. Revenue climbed by three percent to €14.3 billion, Porsche said in a statement.

At Porsche's annual press conference in Stuttgart on Friday, CEO Matthias Müller praised the performance of the firm last year but remained cautious.

“Although Porsche will increase sales and revenue, 2014 will be a year full of demands,” he said.

In the first two months of 2014, worldwide deliveries increased by three percent to 23,286 vehicles, Müller said.

And Porsche’s Germany-based workers will receive a payment of up to €8,200 on the back of this success, following an agreement between the company’s executive board and the Joint Works Council.

Of this, €600 euro will be paid as a special pension contribution.

Uwe Hück, chairman of the Joint Works Council, said: "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.”

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