Audi Post Profits, Rewards Employees

During today’s Annual Press Conference, Audi revealed it has managed to pass the financial crisis well and that it is going to give an extra reward for employee performance. Audi will also be paying a total of 97 million euros to employees this year, on top of the special bonus, that will be paid in July.

“In addition to an average profit-sharing payment of 2.300 euros, we will therefore be making a special one-off payment of 1.200 euros to each employee this year. This special bonus rewards the exceptional performance shown by our employees in crisis-hit 2009,” stated Werner Widuckel, Member of the Board of Management for Human Resources at AUDI AG.

Audi announced its operating profit for 2009, namely 1.604 million euros. A total of 40,4 million euros will be distributed to employees in May of this year for this profit-sharing component alone. This amounts to an average of 930 euros per employee.

The so-called expanded employee profit-sharing program (eMEB) was defined in April 2005 in the “Audi’s Future – Performance, Sharing, Success” agreement that was established by the company management and the General Works Council.

“After an unusual year in 2009, we’re below the previous year, of course, but we’re in first place among our competitors,” added Widuckel. “An attractive employer is one that translates the company’s success into success for its employees – even in tough economic times. Especially in times like these, the dedicated and tireless efforts of each individual employee contribute to the success of the company and that helps to secure jobs. We’re thankful for that.”