New Audi profit-sharing rewards employees for outstanding performance
- Audi to pay out an average of two months’ salary per employeeBoard Member for Human Resources, Thomas Sigi: “This profit-sharing is an important recognition of a strong performance by the workforce.”
- Chairman of the General Works Council, Peter Mosch: “This is great news for the employees.”
AUDI AG is sharing the profits from its very successful year 2011 with its employees: Each of the 44,800 pay-scale employees at the German locations will receive a share in the profits amounting to €8,251 on average. This is the highest amount paid out to the workforce since this form of profit-sharing was introduced. The amount roughly corresponds to two months’ salary. Profit-sharing bonuses are also being paid for 2011 at the sites in Belgium and Hungary.
“In the past year our employees built 1.36 million cars, which is more than ever before, and successfully met the challenges of numerous model launches,” says Audi Board Member for Human Resources, Thomas Sigi. “With its great dedication and outstanding motivation, the workforce has enabled Audi to achieve the most successful business year in its history. Employees will therefore receive a share in the company’s profits that they’ve earned through their outstanding performance,” explains Sigi.
As Peter Mosch, Chairman of the General Works Council emphasizes: “The Audi profit-sharing is great news for all colleagues. The dedication, hard work and diligence of the past year have again paid off for all members of the workforce. All employees will receive their deserved share in the company’s success.”
At the end of last year, the company and employee representatives reached an agreement that the new Audi profit-sharing arrangement would supersede the old extended employee profit share. The special feature of the new agreement is that the company will now set aside a benefit amounting to €1,000 for the German locations. This will enable the company to strengthen its employee pension plan. “In this way we want to provide our employees with even better financial security for the future,” emphasizes Sigi.
For the Audi employees in Brussels and Győr, similar profit-sharing systems are in place that are geared to local payment levels. There too the level of profit-sharing approximately corresponds to two months’ salary.
Audi will continue to expand its workforce significantly in coming years. The company will hire some 1,200 new experts at its German sites in 2012 who will strengthen the electric mobility and lightweight construction areas of expertise in particular and support the company’s growth strategy.