Ferrari: New Hires and New Initiatives for Its People
13 Novembro 2023 - 3:44PM
- 250 new hires planned in first half of 2024
- Broad-based share ownership plan for the Ferrari Group's 5,000+
employees, starting with the companies based in Italy
- Renewal of the Competitiveness Award
- Extension of health and parenting support
initiatives
Maranello, 13 November 2023 – Ferrari announces
250 new hires in the first six months of 2024, half of which should
be confirmed in January, and will also launch a series of
initiatives to provide even greater support for its people.
A broad-based share ownership plan, a new
agreement for the Competitiveness Award signed with the FIM, UILM
and FISMIC trade unions, and an expansion of the welfare programme
are the projects set out today by the Company, with the aim of
promoting a culture of collective responsibility and increasing
engagement in company life.
“Ferrari is made of people, who have been, are
and will be at the core of our attention,” commented Benedetto
Vigna, CEO of Ferrari. “These initiatives demonstrate our desire to
foster the sense of belonging that makes us unique, and underline
how we continuously strive for excellence.”
BROAD-BASED SHARE OWNERSHIP
PLAN A broad-based share ownership plan will be launched
in the early months of 2024. Each employee will be given the option
to become a shareholder of Ferrari, receiving a one-off grant of
shares, free of charge, worth up to a maximum of approximately Euro
2,065, in line with the relevant tax regulations. The plan will be
serviced by treasury shares. If the employee keeps the shares for
at least 36 months, the Company will grant them an additional
tranche of shares worth up to 15% of the value of the first
allocation. Ferrari will also bear all expenses related to the
management of the plan and all related individual employee
positions. The terms and conditions of the share ownership scheme
will be detailed in a specific regulation.
The Company plans to extend this plan to the
employees of all foreign Group companies, in accordance with
national legislations.
RENEWAL OF COMPETITIVENESS AWARD
AGREEMENT Ferrari has today signed the renewal of the
agreement for its Competitiveness Award (Premio di competitività),
expiring in December 2023, with the provincial trade union
organisations of FIM, UILM and FISMIC, as well as the Board of the
Company’s internal trade union representatives. The award will be
granted to workers of the Group’s Italian companies.
The new agreement will be valid for the
four-year period 2024-2027. During this period, the award could
exceed Euro 17,000 and employees will be given the opportunity to
convert, on a voluntary basis and according to a specific
regulation, part of its value into shares of the Company, up to a
maximum of Euro 3,000 per year. This conversion, serviced by
treasury shares, will be completely tax-free under current laws,
thereby providing the benefits of Ferrari share ownership and the
availability of free share management.
For the first time, an energy
consumption-related (ESG) indicator has been agreed as a parameter
in the award calculation, in line with Ferrari's commitment to
sustainability.
The ESG indicator is in addition to both the
traditional parameters linked to production levels, financial
results and quality metrics achieved during the year, as well as
the planned and confirmed parameters for Scuderia Ferrari workers,
which are based on racing results and reliability.
EXPANSION OF HEALTH AND PARENTING
SUPPORT INITIATIVES Ferrari has decided to extend its
Formula Benessere offering, a programme that has been protecting
the health of Ferrari employees in Italy and their families for
more than 20 years. Starting next year, employees will be able to
take advantage of a free annual medical check-up, including
clinical examinations and specialist appointments. Medical visits
will take place in new laboratories that are soon to be officially
opened, built by the Company near the Maranello headquarters.
The Formula Benessere Junior Project, currently
available to the children of Ferrari employees between 5 and 15
years of age, is being extended to the 4 to 18 age group.
Ferrari has also decided to support parenthood
through greater agile working opportunities and the offer of paid
leave for parents of children up to the age of 10, on top of the
measures already required by law.
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