Porsche employees awarded bonuses as high as €9,111

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Porsche is to give all 21,000 of its employees in Germany a bonus of up to €9,111.

The hefty figure, which references the manufacturer's iconic 911 sports car, works out at around £7,886 per employee. It is made up of a €8,411 pay-out, as well as a €700 contribution to employees' pension schemes and will be adjusted to individual working hours and length of service at the company.

The impressive act of generosity comes off the back of a record year for Porsche, which recorded an annual revenue of €22.3 billion in 2016 (£19.3bn) – a four per cent increase over the previous year.

Oliver Blume, chairman of the executive board of Porsche AG, said: "For Porsche, 2016 was an eventful, emotional and, above all, highly successful year.

"This was thanks to our employees, who enabled us to expand our attractive model range to include an array of new and exciting sports cars, such as the 911 Turbo and 911 R, the 718 Boxster and 718 Cayman as well as the Panamera."

Uwe Hück, chairman of the group works council, told of the struggle involved in securing the bonus.

"Negotiating a bonus is never easy," he said. "However, this time it was particularly difficult to arrive at an outcome. In the end, no one in our large VW family received anywhere near as large a bonus as our employees at Porsche.

"We had to walk a very fine line during the negotiations. On the one hand, supporting the group is very important to me, something that leads to us taking on staff from Audi and Volkswagen.

"On the other hand, we want to reward our staff for their outstanding achievement. The result was this extraordinary and one-off, but completely justified, bonus.

"The aim was to show solidarity for colleagues in the group and at the same time to thank the staff at Porsche."