Audi pays out average €5,300 per employee
14 Mar 2009|3,040 views

At today's Annual Press Conference, Audi announced the highest profit from operating activities in the history of the company, at €2,772 (€2,705) million. Ten percent of the operating profit over a threshold of €1.2 billion, i.e. €157 million, will be distributed to employees in May of this year for this profit-sharing component alone. This amounts to an average of €3,600 per employee.
The so-called expanded employee profit-sharing program (eMEB) was defined in April 2005 in the "Audi's Future - Performance, Sharing, Success" agreement that was established by the company management and the General Works Council. The eMEB is a voluntary component of compensation that exceeds the collectively agreed salary and is dependent upon the company's profits.
"The terrific effort of the team during Audi's record year in 2008 has paid off," said Peter Mosch, Chairman of the General Works Council of AUDI AG. "The Audi story of success is the story of the success of the employees whose work for the company has in all areas been marked by motivation, dedication and self-confidence." It is now particularly important that we emerge from this crisis onto the automotive market as a stronger and more competitive company, with new models and a motivated workforce. This will provide long-term security for the jobs at the plants, as well as for the company's success, and therefore for profit-sharing as well.
The expanded employee profit-sharing program (eMEB) will be paid out for the fourth time this year in addition to employee profit-sharing (MEB) that has been previously been paid. MEB is composed of the base amount, a bonus scaled according to seniority, and a variable share of profits. In July an average of €1,700 per employee will be paid out.
In doing so, Audi will reward the performance of the employees this year with an average bonus of €5,300 (MEB and eMEB), maintaining the level of the previous year.
Despite the problematic economic situation, Audi is sticking to its plans to invest €2 billion per year in new products alone. At the same time, the carmaker will continue to invest in its employees, with plans to hire 300 new experts in 2009. "By doing this we are specifically strengthening new fields of innovation in the area of Technical Development and in Production," Widuckel said.
"In the area of skilled personnel, we will do more than just maintain the level of 682 traineeships - this year we will in fact enable 40 additional young people to train at Audi," he emphasised. "Audi is holding to its practice of training and continued education for its employees." To be equipped for the challenges of the future, the skills of employees must be continuously developed - from the start of training all the way to retirement.

At today's Annual Press Conference, Audi announced the highest profit from operating activities in the history of the company, at €2,772 (€2,705) million. Ten percent of the operating profit over a threshold of €1.2 billion, i.e. €157 million, will be distributed to employees in May of this year for this profit-sharing component alone. This amounts to an average of €3,600 per employee.
The so-called expanded employee profit-sharing program (eMEB) was defined in April 2005 in the "Audi's Future - Performance, Sharing, Success" agreement that was established by the company management and the General Works Council. The eMEB is a voluntary component of compensation that exceeds the collectively agreed salary and is dependent upon the company's profits.
"The terrific effort of the team during Audi's record year in 2008 has paid off," said Peter Mosch, Chairman of the General Works Council of AUDI AG. "The Audi story of success is the story of the success of the employees whose work for the company has in all areas been marked by motivation, dedication and self-confidence." It is now particularly important that we emerge from this crisis onto the automotive market as a stronger and more competitive company, with new models and a motivated workforce. This will provide long-term security for the jobs at the plants, as well as for the company's success, and therefore for profit-sharing as well.
The expanded employee profit-sharing program (eMEB) will be paid out for the fourth time this year in addition to employee profit-sharing (MEB) that has been previously been paid. MEB is composed of the base amount, a bonus scaled according to seniority, and a variable share of profits. In July an average of €1,700 per employee will be paid out.
In doing so, Audi will reward the performance of the employees this year with an average bonus of €5,300 (MEB and eMEB), maintaining the level of the previous year.
Despite the problematic economic situation, Audi is sticking to its plans to invest €2 billion per year in new products alone. At the same time, the carmaker will continue to invest in its employees, with plans to hire 300 new experts in 2009. "By doing this we are specifically strengthening new fields of innovation in the area of Technical Development and in Production," Widuckel said.
"In the area of skilled personnel, we will do more than just maintain the level of 682 traineeships - this year we will in fact enable 40 additional young people to train at Audi," he emphasised. "Audi is holding to its practice of training and continued education for its employees." To be equipped for the challenges of the future, the skills of employees must be continuously developed - from the start of training all the way to retirement.
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