Porsche 2010 Annual Report Download - page 77
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Employees
Employment situation at Porsche
In the reporting period, the great commit-
ment of the company’s employees, their high level of
motivation, and their close identification both with the
company and its products continued to provide the
basis for a good working atmosphere and successful
business development. One of Porsche’s success
factors was the renewed increase in the number of
employees at the Porsche Zwischenholding GmbH
group. As of the reporting date, the Porsche SE
group had 36 employees (31 July 2010: 37 employ-
ees); one employee was in the passive phase of the
German special phased retirement scheme. As of the
reporting date, the Porsche Zwischenholding GmbH
group employed a workforce of 13,159 – a 3.4
percent increase on 31 July 2010. 211 of these
employees were in the passive phase of the German
special phased retirement scheme. 411 young peo-
ple were in training.
Initiative to safeguard Porsche locations
As part of the new agreement to safeguard
company locations, the management and group
works council reached an agreement in late July
2010 on a number of measures and investments
aimed at securing jobs, as well as measures for
further increasing the productivity and flexibility of
the workforce. From August 2010, the first imple-
mentation activities were initiated by all departments,
in close coordination with employee representatives.
At the same time, negotiations between
company management and the central works council
were initiated with the aim of reaching a correspond-
ing agreement for employees of German subsidiaries
represented on the central works council. These
discussions are slated for completion in the first
quarter of fiscal 2011.
Great interest in VW vehicles
Since 1 November 2010, Porsche employ-
ees have had the opportunity to participate in the
vehicle program for VW plant employees. This en-
ables them to lease or buy Volkswagen or Audi vehi-
cles on the same special terms as staff at Volks-
wagen AG plants. The program was well received by
Porsche employees.
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