A special payment of 1,700 euros will be given to employees of Dr. Ing. h.c. F. Porsche AG, Stuttgart, for the excellent business performance of its short financial year 2010 (from August 1 to December 31, 2010). The Board of Management and Group Works Council said that at the end of April pay packet, the special payment will be given to each Porsche AG employee covered by the collective pay agreement (those who joined the company on or before August 1, 2010). In this five-month financial year, Porsche posted an operating profit (profit before financial result) of 688 million euro and a 17.8% return on sales.

Thomas Edig, Deputy Chairman of the Board of Management and Executive Vice President of human resources, said that its “highly motivated employees” earned the special payment with their “enormous dynamism.” Uwe Hück, Chairman of the Group Works Council, said that the special payment reached in a deal with the board has been the highest so far. He also revealed that the council was able to secure an improvement in the self-funded retirement scheme.