x
Black Bar Banner 1
x

NEW: About Me Look — turn on a full-width dark About Me from your profile Configuration (Profile Page Upgrade). The Academy, profile feeds and Media Feed now read like the News Feed. See Subscriptions »

New: AI Blog Autopilot — free for the next 30 days. Switch it on by November 15th »

NEW: Smart Mail is live — free for every member. Send broadcasts, build lists and run autoresponders. Open Smart Mail »

Training: Lesson 14 in Getting Started with MarketHive. Watch it now »

A+ A−
Ads by Markethive - View All
The Blog Feed
The Blog Feed
» Blog Feed
Write a New Blog Post
Search Blog Status
Most Viewed
Most Recent
Most Shared
Alphabetical
Markethive Blog (default)
My Blog Posts
Friends' Blogs
Blog Categories
All
Advertising
Blockchain & Cryptocurrency
Business Development
Diet & Weight Loss
Environmental
Health and Wellness
History and Culture
Home and Garden
Marketing
Mentoring & Training
Money & Finance
Other
Political
Prayer & Religion
Programming & Technical
Real Estate
Search Engine Optimization
Social Media
Spirituality
Sports & Recreation
Transport
Travel & Events
Website Design
Blogging Tools & Assets
My Blog Info
Members Subscribed to You
Blogs You Are Subscribed To
Website Widget
Wordpress Plugin
Subscribe for Greater Services
Subscribe to one of many subscriptions, each one includes the previous ones.. Unlock powerful tools, advance features, to build a powerful reach.

Porsche is giving 21,000 employees a great bonus to celebrate its best sales year ever.

Every employee, including janitors and assembly line workers, will receive a 9,111-euro ($9,825) bonus, Porsche wrote in a press release. The bonus is a nod to the 911 — Porsche's stunning sports car that's been in continuous production since 1963.

Porsche increased its deliveries to 237,778 vehicles in the 2016 fiscal year, bringing its revenue to 22.3 billion euro ($24 billion). Porsche's record year was largely due to its crossover SUV sales — the automaker sold 80,000 Macans and 73,000 Cayennes.

The bonus was negotiated by Porsche's Works Council. In Germany, a works council can be set up in all private workplaces with at least five employees.

Works councils exist to ensure key decisions aren't just made by the employer, according to the European Trade Union Institute. Works councils must be informed and consulted on specific issues and can make proposals to employers. They are primarily involved in the organization of hours, holidays, and payment methods.

"In the end, no one in our large VW family received anywhere near as large a bonus as our employees at Porsche," Uwe Hück, chair of Porsche's Group Works Council, wrote in the press release. "We had to walk a very fine line during the negotiations.... The result was this extraordinary and one-off, but completely justified, bonus."