All 21,000 Porsche employees get €9111 bonus

unkel

The highest bonus every paid to them. Well deserved for helping Porsche make €4 billion profit on just €22 billion sales. A remarkable result for a car manufacturer!

edburg

Would have been bigger profit if they only paid out 911 euro

SEPT 23 1989

what kind of staff discount would the lads on the factory floor get off a new one?

DubDani

SEPT 23 1989 wrote: »

what kind of staff discount would the lads on the factory floor get off a new one?

They get 18% discount on Volkswagen and 20% on Audi/Skoda etc. Discount for Porsche's will be somewhere in the same region. But it's not as easy as that, as the Employer will have to declare it as a Benefit in Kind and the discount gets taxed via your monthly Salary. Based on your tax group that can easily erode a big chunk of the Discount.

BMW Employees got 8000 Bonus this year. Their 2 main private shareholders (Quandt Family) got a juicy 1 bil. Euro dividend.

Bullocks

Would this be factory/manufacturing staff or are the dealerships included as staff

166man

Bullocks wrote: »

Would this be factory/manufacturing staff or are the dealerships included as staff

Dealerships wouldn't be considered staff I don't think, but I could be wrong. They're ''distributors'' essentially. BMW Ireland staff would be though I think...

Voodoomelon

I remember reading before that Porsche has the highest margin of any car manufacturer. The likes of Audi, VW etc have tiny margins.

unkel

Of any mass manufacturer for sure. I remember reading years ago that BMW makes a €10,000 margin per 3-series, a lot more than on their 5-series and even 7-series

Oral Surgeon

http://f30.bimmerpost.com/forums/showthread.php?t=1366240

Voodoomelon wrote: »

I remember reading before that Porsche has the highest margin of any car manufacturer. The likes of Audi, VW etc have tiny margins.

Notch000

a lot of industries give a bonus based on company performance and growth, dont forget that the tax man takes about 50% of that back straight away again

Red Kev

Voodoomelon wrote: »

I remember reading before that Porsche has the highest margin of any car manufacturer. The likes of Audi, VW etc have tiny margins.

The Cayenne was the biggest profit making car of any manufacturer for a long time, possibly still is. They used to pay VW €22,000 for a Cayenne delivered to Leipzig. Replaced parts of the interior and suspension, put some of their own engines in and that was it.

VW made the deal with them as they never expected sales to go thee way they did with the Cayenne.

Hats off to Wendelin Wiedeking, the guy who rescued Porsche, made sure they got the bonus, fired the manager who suggested getting rid of it in 2001 (he also suggested that the assembly workers, cleaners and canteen staff shouldn't get it) and had the ability to look decades ahead and pushed the Cayenne, Panamerica and Macan with their diesel engines through against some fairly stiff opposition.