IPO: Porsche employees receive a bonus of up to 3,000 euros

Employees of Porsche AG benefit from the IPO with up to 3000 euros.

IPO: Porsche employees receive a bonus of up to 3,000 euros

Employees of Porsche AG benefit from the IPO with up to 3000 euros. A company spokesman confirmed the amount of the premium on Monday. "Stuttgarter Zeitung" and "Stuttgarter Nachrichten" had previously reported.

The cost of such a bonus for the approximately 37,000 employees worldwide had been given by the Stuttgart car manufacturer before the IPO at around 250 million euros.

The money should come to the employees' accounts with the November salary, as a works council spokeswoman said. The amount will be adjusted depending on the length of service and any part-time work. It had already become known that the parent company VW wanted to pay its employees a bonus of 2,000 euros in the company tariff and in Saxony.

Porsche's going onto the floor at the end of September brought 9.1 billion euros into the coffers of the VW group. It was the largest German IPO since Telekom in 1996 and this year the second largest in the world after battery cell manufacturer LG Energy Solution.

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