Porsche said it would bring the 2.7% wage increase agreed for April 2011 forward to February.

“Not least thanks to the flexibility of our employees, Porsche has generated positive earnings even during the past two crisis years. By bringing the wage increase forward, the board wishes to show its gratitude to the entire workforce,” said personnel chief Thomas Edig. In recent years, the company has dispensed with using bargaining leeway to cut or defer benefits. In addition to this, voluntary benefits such as special bonuses or Christmas bonuses have been maintained to the full extent.

“These earnings would not have been possible without this workforce. That is why, in agreement with the board, we will avail ourselves of the scope provided by the IG-Metall union’s collective labour agreement and bring the wage increase forward”, said works council chairman Uwe Hück.

A collective agreement provides scope for bringing forward or deferring, by a voluntary company agreement, the time of payment of the wage increase by up to two months depending on the economic situation.

In October, Porsche paid all employees a special bonus of EUR2,100 for the past financial year. The Christmas bonus will be paid in full this month.

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