Record Audi results
An additional 81.5 million euros distributed among the workforce
The existing employee profit-sharing arrangements remain in force
The outstandingly good results posted by AUDI AG for the 2006 business year
benefit almost 45,000 employees at the Ingolstadt and Neckarsulm sites in
Germany in more ways than one: in May, the company will distribute 81.5
million euros (21.7*) among its employees, almost four times more than last
year. According to Dr. Werner Widuckel, Member of the Board of Management
for Human Resources at AUDI AG: “This is once again evidence that
performance pays! When our employees share in the company’s success, this
represents a personal success for each and every one of them. With its
commitment and dedication to the task in hand, our workforce made a major
contribution to Audi’s record production, unit sales, revenue and earnings in
2006.”
Extended employee profit-sharing was negotiated between the General Works
Council and Audi Management and the “Audi’s Future – Performance, Success,
Sharing” agreement concluded in April 2005. The first payment to employees
was made last year: ten percent of the operating result exceeding 1.2 billion
euros. In 2006, the brand with the four rings increased its operating result
significantly, by 43.2 percent to 2,015 million euros. The average payment to
each member of the workforce was therefore 1,959 euros. Widuckel: “This
variable, result-based payment component mean that employees’ earnings
increase in step with the company’s income. Together with the share of profits
paid out in July, the employees’ share in the company’s success averages 3,700
euros. By providing its workforce with this opportunity, Audi once again
confirms that it is an attractive company to work for.”
Peter Mosch, Chairman of the AUDI AG General Works Council, comments:
“The ‘Audi’s Future’ agreement is proving to be of increasing benefit as a
means of safeguarding jobs at the company’s locations in Germany and entitling
the employees to a share in the company’s success. The average payment of
1,959 euros to colleagues with negotiated working agreements is good news for
those who work in Ingolstadt und Neckarsulm and financial recognition of their
exceptional efforts last year in particular.”
This year, the extended employee profit-sharing arrangement will be paid for the
second time in addition to the regular employee profit-sharing arrangement.
The latter is made up of a basic amount, a bonus depending on length of
employment and a variable element. The total sum to be paid out to employees
in July is 73.4 million euros (72.6).
* Last year’s figures in brackets