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It's been a cold month of March all over Europe. Probably cold enough for some to start thinking about putting the Christmas tree up again. While spring is finally back on track, Ferrari employees still have enough reasons to feel christmasy ahead of time, so to speak.
Following the excellent financial results reported from 2010 through 2012, with the latter being the company's best financial year ever, the Maranello-based automaker decided to hand out substantial bonuses for its employees. Therefore, each of the 3,000 Ferrari workers have received an extra bonus of three monthly wages, one for each of the three years in question.
In addition, Ferrari employees will also receive a competitiveness bonus for 2012's record results, meaning another €4,000 ($5,120) will be added to the accounts. Given that the minimum wage at Ferrari is €1,500 ($1,920), the minimum bonus to be cashed by a Maranello worked amounts €8,500 ($10,898).
"Our company ended 2012 with record results after a triennium of continuous growth," Ferrari CEO Luca di 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 addition, Ferrari employees will also receive a competitiveness bonus for 2012's record results, meaning another €4,000 ($5,120) will be added to the accounts. Given that the minimum wage at Ferrari is €1,500 ($1,920), the minimum bonus to be cashed by a Maranello worked amounts €8,500 ($10,898).
"Our company ended 2012 with record results after a triennium of continuous growth," Ferrari CEO Luca di 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."
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