is not only the maker of some of the world’s most exquisite cars that can be
driven at very high speeds. The company Ferrari is also about rewarding its
employees. According to a company statement, Ferrari has announced that its
production bonus for employees for 2013 will amount to 4,096 euro (Rs 3.4 lakh
approx.), the highest ever awarded in the company’s history.
production bonus is in recognition of the excellent financial results achieved
last year, not least of which were record profits, in addition to other
parameters, such as levels of quality. This means that, on top of the two
advances of 1,000 euro each already received, Ferrari employees will find an
extra 2,096 euro in their pay packets this month.
a young employee hired recently, this equates to an extra 20 per cent of his or
her annual salary.
bonus, the result of an agreement signed with the unions in 2012, is linked to
a grid of operational values with the objective of sharing the company’s
success. Last year, as well as the production bonus, an additional three-yearly
bonus was paid out and Chairman Luca di Montezemolo has announced its extension
for a further three years.
2013 Ferrari adopted a strategy to reduce production to under 7000 cars a year
to preserve their exclusivity and value over time, and this strategy will
continue this year and into 2015. Last year revenues increased by 5 per cent
and trading profits rose by 8.3 per cent. These are unprecedented figures, as is
the net financial position which, at the end of 2013, stood at an all-time
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