Fight Covid-19: Porsche employees get bumper bonus, encouraged to donate it all

The voluntary bonus from Porsche to its employees was because of a successful 2019 financial year. The company states it was decided upon in January, before Covid-19 became a pandemic.Employees have now been encouraged to make voluntary donations to charitable organizations.
By : Shubhodeep Chakravarty
| Updated on: 11 Apr 2020, 11:37 AM
Photo courtesy: Porsche
Photo courtesy: Porsche
Photo courtesy: Porsche
Photo courtesy: Porsche

Celebrating a successful financial year 2019, Porsche recently gave its employees a voluntary bonus but then encouraged them to use the money for noble causes at a time when Covid-19 outbreak has posed a massive challenge for mankind.

Porsche has stated in a press statement that it has traditionally always allowed its employees to have a share in the company's success. The most recent voluntary bonus had already been decided before the Covid-19 disease became a pandemic and engulfed almost every country in the world. It was jointly determined by the Executive Board and the Works Council at the beginning of the year 2020 and consists of two components - 9,000 Euro will be paid out for the special commitment of the Porsche workforce in the 2019 financial year while 700 Euro will be available as a special contribution to the Porsche VarioRente or to the individual pension plan.

Similar Cars

Find More Cars
Porsche Macan (HT Auto photo)
Porsche Macan
1984 cc | Petrol | Automatic (Dual Clutch) | 12.35 kmpl
₹69.98 - 84.04 Lakhs**Ex-showroom price
Porsche 718 (HT Auto photo)
Porsche 718
1988 cc | Petrol | Automatic (Dual Clutch) | 13.51 kmpl
₹85.46 - 1.64 Lakhs**Ex-showroom price
Porsche Cayenne (HT Auto photo)
Porsche Cayenne
2995 cc | Petrol | Automatic (Torque Converter) | 10.6 kmpl
₹1.27 - 1.93 Cr**Ex-showroom price
Porsche Cayenne Coupe (HT Auto photo)
Porsche Cayenne Coupe
2995 cc | Petrol | Automatic (Torque Converter) | 10.75 kmpl
₹1.35 - 1.98 Cr**Ex-showroom price
Porsche Panamera (HT Auto photo)
Porsche Panamera
2894 cc | Petrol | Automatic (Dual Clutch)
₹1.44 - 2.71 Cr**Ex-showroom price
Porsche Taycan (HT Auto photo)
Porsche Taycan
₹1.5 - 2.1 Crore**Ex-showroom price

(Also read: Porsche Taycan adjudged World Luxury Car of the year)

At a time when car makers around the world are facing extremely challenging times, the voluntary bonus would have come as a massive cheer for employees who, however, have been encouraged to donate the amount. "Employees are encouraged to make voluntary donations to charitable organizations. The Executive Board at Porsche AG is also personally supporting this initiative and is donating a total of half a million euros privately. This donation supplements the Porsche donation program for hospitals and charitable organizations," the company's press statement elaborated.

(Also read: In coronavirus-ravaged Italy, Ferrari says business mostly unharmed. Here's why)

Porsche also credited all its employees for all the efforts to ensure that the 2019 financial year was a success. "The positive development of Porsche is the result of a great team effort. Everyone has contributed to it. Everyone should benefit from it. This year's voluntary bonus stands for solidarity, as well as tax revenues and purchasing power for the restart," said Oliver Blume. Werner Weresch, Chairman of the General and Group Works Councils of Porsche AG. "The success of our company is only possible through the work of our colleagues. All of them have worked for Porsche with great commitment in the past year. It is part of our Porsche culture that the workforce is also rewarded for this."

First Published Date: 11 Apr 2020, 11:21 AM IST
Recommended For You
View All

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city