AUTONEWS

Open hand: Stellantis distributes 1.9 billion to its employees

Whenever it makes a profit, Stellantis distributes part of it to its employees. Since the group's creation, performance bonuses have totaled 6 billion, of which 1.9 billion will be offered this year.

In the automotive industry, there are multiple brands that, depending on the annual exercise, share the positive results with their employees, rewarding them with extra money depending on the profit recorded. In the case of Stellantis, one of the youngest groups on the market, given that it was created just over three years ago (as a result of the merger of the former PSA and FCA), this was a practice established originally and which has already made it possible to reach a total of 6 billion euros to the group’s “global employee base”. This year alone, “sharing success” with employees is expressed in the distribution of 1.9 billion euros, an amount intended to motivate workers and reward those who contributed most to the company's results.

''We delivered strong results, allowing us to distribute almost 1.9 billion euros in profit sharing and variable bonuses for the third consecutive year. These profit sharing and variable pay programs are more than a reflection of the performance and achievements of our employees, they are fair recognition of their commitment to succeed as a team”, highlighted the CEO of Stellantis Carlos Tavares.

The Portuguese engineer's management strategy also includes a share purchase plan specifically for the company's employees. Called “Shares to Win”, this project was launched in 2023, but the initiative will now pass the pilot phase and reach employees beyond the borders of France and Italy. The idea is to increase employees' commitment to Stellantis' success, so this year, from the outset, the program could reach 242,000 employees worldwide, maintaining the incentive scheme - the company offers “an equivalent contribution of €1000”.

In 2023, Stellantis obtained 189.5 billion euros in net revenue, which represents a growth of 6% compared to 2022, recording an increase in net profit of 11% (18.6 billion euros). Industrial free cash flows stood at 12.9 billion euros, an increase of 19% compared to the previous year.

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