03/08/2013

  • Total amount up over 40 percent to around €100 million

Hanover, March, 2013. In the form of a value sharing bonus, international automotive supplier, tire manufacturer, and industrial partner Continental is letting its employees worldwide in on the corporation's success. Close to 160,000 employees at the company will benefit from distribution of a record amount in the order of €100 million for the fiscal 2012. The corresponding sum last year was roughly €70 million. Employees in high-cost countries like Germany or the US will receive a bonus of €900 in April, equivalent to an increase of €250, employees in best-cost countries will receive a bonus of €450 in April.

Here you can download the press release as a doc-file.

"Extending across national borders and divisions, this type of bonus is an example of our "For One Another" value.Unlike other companies, Continental involves its employees worldwide, from Shanghai: China, to Guarulhos, Brazil, and from Goteborg, Sweden, to Port Elizabeth, South Africa.With their unwavering commitment,our employees make asignificant contribution on a daily basis to creating profitable and sustainable value for our company. We want to reward this commitment," declared Elke Strathmann, Executive Board member responsible for Human Resources.

"The workforce has made an important contribution to value creation, so it is only right and proper that it should also benefit from the company's financial success! All employees worldwide will enjoy the bonus. Here we are assuming a vanguard role in our sector of industry. This is something we can truly be proud of," said Hans Fischl, chairman of the Continental Works Council.

The company's value creation provides the basis for the value sharing program. The level of a year's bonus payment depends on the value created in the respective fiscal year.The terms differ from one country to the next and the program takes into account both statutory regulations and local purchasing power. On this basis, the bonus varies in amount between €825 and €413.For 2012 an added bonus payment is being made for early attainment of many of Continental's mid-term goals in its key financial figures. These include the gearing and equity ratios. Payment of the bonus is contingent on continuous employment with the company throughout 2012 and a continuing employment relationship as of March 31, 2013.



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