Italy - Ferrari workers receive generous bonus - December 31, 2015

Workers at Ferrari will get a €5,000 Christmas bonus. The bonus was announced by the management after shareholders approved the spin-off of the company’s luxury sports car unit, which is expected to take place in January 2016. Some 2,850 people work for Ferrari, which is based in the northern town of Maranello. The bonus is a gift to thank them for their work in making the coveted cars as well as to celebrate a successful year. In the meantime the company has decided to transfer all of the shares held by it in Ferrari N.V. to FE Interim B.V, a newly-formed Dutch company, probably as part of a ‘fiscal engineering’ operation.

English: http://www.thelocal.it/20151204/ferrari-workers-to-get-5000-bonus   

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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