Porsche Employees Rewarded With $11,000 Bonus For 2018 Performance

After a successful 2018 financial year, Porsche is rewarding its employees with a €9,700 bonus, before tax, equal to $11,027 at today’s exchange rates.

Adjusted to individual working hours and years of service with the company, the sum, which isn’t specifically based on different pay levels but is a fixed sum across the board, will be paid to around 25,000 people, who will receive it with their April salaries.

Porsche explained that it consists of two parts: €9,000 ($10,232) as a performance bonus for the 2018 financial year and €700 ($796) as a special contribution to the VarioRente pension scheme or a personal pension fund.

Also See: 2020 Porsche 911 Is New And More Powerful, But Oh, So Familiar

“My colleagues have made an outstanding contribution to Porsche, and the bonus is a way of recognizing the dedication they have shown in achieving these results”, commented Chairman of the Group Works Council, Werner Weresch. “The whole thing has been a genuine team effort. Many thanks must go to the entire workforce for their commitment and their flexibility.”

Handing out annual bonuses is not something new for Porsche. In 2018, they rewarded employees with €9,656 ($10,977), and the year before with €9,111 ($10,358). In 2016, the automaker gave out a special bonus of €8,911 ($10,130), and in 2015, the sum was €8,600 ($9,777).

Worldwide deliveries of Porsche cars increased by 4 percent last year, to 256,255 units. At the same time, revenue increased by 10 percent to €25.8 billion ($29 billion), net operating profit grew by 4 percent to €4.3 billion ($4.9 billion) and return on investment was 16.6 percent, while the automaker’s overall workforce rose by roughly 9 percent, to 32,325.


  • GeoSnipes

    I don’t know how this works, but when you say employees, do you mean all the employees, or only those in certain category? Because 32000 * 10000 is a lot of money (ballpark estimates)

    • Galaxium

      If they’re giving out these high bonuses, then Porsche’s profits must have been extremely high last year. Which makes sense and is quite believable.


Jeep Gladiator Visiting Europe This Summer, Sales Begin In 2020

The Gladiator will be present at the 2019 Jeep Camp event and will launch in EMEA markets next year.

Sebastien Loeb Takes Insane Peugeot 208 T16 Pikes Peak To A Hillclimb

The 208 T16 Pikes Peak pumps out 875 hp and hits 62 mph in a scarcely believable 1.8 seconds.

Florida Man Arrested For Going 100MPH Tells Cops “The Car Is A Ferrari And It Goes Fast”

29-year-old Gabriel Molina allegedly accelerated to 100 mph trying to evade the police.

One M3 To Rule Them All: Meet The Exquisite E30 Sport Evolution

The M3 Sport Evolution features a 2.5-liter inline-four with “just” 235 hp, but it looks and handles superbly .

Audi E-Tron Gets Charged By Captain Marvel In ‘Avengers: Endgame’ Spot

Audi’s MCU-themed digital short features Brie Larson’s Captain Marvel and the e-tron.

Ford Recalls 327,000 F-Series Trucks Over Fire Risk – Again

These F-Series models were first recalled in late 2018 over engine block heater cable issues.

Toyota La Coupe Prototype Is Real And Really Weird (Official Update)

Remember those patents we showed you? Here’s the Toyota La Coupe in the flesh.

2019 New York Auto Show: A-to-Z Guide To All The New Car Debuts (Day 2)

Want to know about every new car launching at the 2019 New York Auto Show? Read on.

Rivian To Launch Six Models By 2025, Will Build EVs For Others Including Amazon

Rivian has big plans for the future, but the company won’t offer a sedan.

Police Arrest 16 People After 100 Car2Go Mercedes And Smarts Stolen In Chicago

Police in Chicago have managed to recover most of the stolen Car2Go vehicles.