A Xmas windfall: Ferrari workers get 5,000 euro bonus after share sale

By REUTERS | 6 December 2015


MILAN: Luxury carmaker Ferrari is giving its employees a Christmas treat, awarding them a 5,000 euro (RM22,798) bonus each to thank them for this year's financial results and a successful Wall Street debut, a spokesman said.

The maker of supercars like the 1-million-euro hybrid LaFerrari, which is being spun off from parent Fiat Chrysler Automobiles , listed in New York in October and is due to start trading on the Milan bourse on Jan 4.

Ferrari, based in the northern Italian town of Maranello, has more than 2,850 employees.

The sale of a 10 percent stake in Ferrari raised US$982 million for the parent, while the overall windfall from the listing and spin-off is seen at more than US$4 billion.

The pay sweetener comes on top of other production-related bonuses the workers are due to receive for 2015.

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