Offering compensation to workers under pressure. 2014 started with a flourish for Porsche, the carmaker and favorite company of young college graduates. With a 4.5 percent increase in sales in the 1st quarter, a profit of more than €16,000 per car sold (€1,000 for VW) and a record exceptional bonus of €8,200 per employee (€600 automatically sent to the corporate pension), it seems that everything is going well at Porsche’s kingdom in Stuttgart. Yet, these results come from employees’...
Porsche: wide flexible working time plan to boost productivity
In spite of its rising workforce and working and pay conditions a lot of employees dream about, the major increase in pace in the factories of the jewel of the German auto industry is putting Porsche workers under growing pressure. To maintain a high level of productivity without raising stress levels, and to remain one of young graduates’ preferred employers, Porsche’s social partners have negotiated a company agreement introducing the 34-hour week with no pay cut as well as a series of measures on flexible working time, home office and work-life balance. Kai Bliesener, general secretary of the WC at the parent factory in Stuttgart-Zuffenhausen, details these measures for Planet Labor.
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