Despite shutting down its factories in the wake of the coronavirus pandemic, Porsche has continued the tradition of rewarding its employees in Germany with a substantial annual bonus.
Following a very successful financial year, the workforce will be given €9,000 ($9,778) for their commitment, alongside €700 ($761) as special contribution to the internal or individual pension scheme.
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The gesture that is a big help for employees affected by the measures taken within the car industry was followed by an encouragement to make donations to the ‘Porsche aid’ program or other charitable organizations to help fight the pandemic. At the same time, Porsche has increased its donation volume by €5 million ($5.4 million), covering several fields of action, from food donations to the procurement of medical equipment.
“Solidarity in our society is more important than ever. Industry, politics and society: we will overcome the corona crisis together. Porsche is taking on social responsibility. This is our fundamental philosophy and our understanding of sustainable action:, said Oliver Blume, Chairman of the Executive Board. “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.”
Porsche’s worldwide deliveries increased by 10 percent in 2019, with 280,800 vehicles delivered across the globe. Growth was noted in all major markets, from Europe and North America to the Asia-Pacific, Africa and the Middle East. The Macan was their best-selling model, accounting for almost 100,000 units. The premium compact SUV was closely followed by the bigger Cayenne, with over 92,000 sales. The third, fourth and fifth spots were reserved for the 911, Panamera and 718 Boxster/Cayman in this order, while the electric Taycan posted a little over 800 sales.
Revenue increased from €25.8 to €28.5 billion ($28-31 billion) and profit after tax was €2.8 billion ($3 billion).
