Ferrari splits $39 million among workers

Last updated 08:52 02/04/2013
Ferrari Supercar - technology, design, myth exhibition opens in Maranello.
A 1964 Ferrari 250 GTO '64 on display at the Ferrari Supercar - technology, design, myth exhibition in Maranello.
The great Ferraris of Sergio Pininfarina Exhibition.
The great Ferraris of Sergio Pininfarina Exhibition.
Ferrari's LaFerrari unveiled at the Geneva Motor Show.
Ferrari's LaFerrari unveiled at the Geneva Motor Show.
Ferrari's F12 Berlinetta
Ferrari's F12 Berlinetta

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Ferrari has delivered on a "special bonus" promise to all its employees.

Two weeks after Volkswagen confirmed it would share NZ$1.1 billion in profits with its German workforce, Ferrari has confirmed a pay bonus that will amount to at least NZ$13,000 for each of its staff which number around 3000.

Company president Luca di Montezemolo had flagged the pay bonus at Geneva Motor Show, saying it was linked to the financial results for 2010-2012.

Ferrari staff received an extra month's pay for each of those three years with the company saying the basic monthly pay for an employee in the first stages of his professional career was €1500 (NZ$2302), making the special bonus worth a minimum of €4500 (NZ$6900).

On top of that, however, Ferrari coughed up the final payment in what it called a "competitiveness bonus" started in 2012 which totalled €4000 (NZ$6133).

''Our company ended 2012 with record results after a triennium of continuous growth,'' Montezemolo wrote in a letter to the employees.

''That is down to the extraordinary amount of work you have done.

"In the current extremely difficult economic climate, which has seen many companies in our sector and others, experiencing great difficulty, thanks to you, we are a really nice exception to that, a company producing ever more models and one which is recognised as a great brand everywhere.

"Let's continue like this, thanks to all of you for what you have done so far and especially for what you will do.''

In the same letter, President Montezemolo set the ball rolling for another challenge: another bonus for the next three year period from 2013 to 2015.

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