By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Maserati enthrals at FuoriConcorso with GT2 Stradale and MCXtrema
    May 14, 2025
    Leapmotor presents its range at Automobile Barcelona, Spain
    May 14, 2025
    Alfa Romeo sporting glory dominates “Fuori Concorso”
    May 13, 2025
    Market Art Fair Stockholm and BMW Sweden present Gregor Hildebrandt as artist for BMW Art Commission 2025
    May 13, 2025
    Driving Trade Forward: AfCFTA, AGOA,BRICS and the Tariffs – All On The Menu At Automechanika CEO Breakfast
    May 9, 2025
  • Bikes
    BikesShow More
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
  • News
    NewsShow More
    New JAECOO J5 will raise the bar for compact crossovers when it arrives in Q3 2025
    June 3, 2025
    Kia Announces May 2025 Global Sales Results
    June 2, 2025
    Volkswagen commemorates International Biodiversity Day
    June 2, 2025
    naamsa RELEASES MAY 2025 NEW VEHICLE SALES 
    June 2, 2025
    Nick Cassidy wins Shanghai E-Prix
    June 2, 2025
  • Concepts
    ConceptsShow More
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
    Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
    April 4, 2025
  • Interviews
    InterviewsShow More
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
    Sourcing Guide Right-Hand Drive American SUVs and Pickup Trucks in Africa
    April 29, 2025
  • EVs
    EVsShow More
    SEAT S.A. moves towards electric car production in Martorell
    May 29, 2025
    Polestar 3 wins Best EV SUV and Luxury Car of the Year awards
    May 29, 2025
    All-New Nissan MICRA EV debuts ahead of European launch
    May 28, 2025
    BMW Group and Solid Power are testing all-solid-state battery cells in a BMW i7
    May 20, 2025
    Toyota Debuts Stylish, Powerful 2026 C-HR Battery Electric Vehicle
    May 18, 2025
  • Motosport
    MotosportShow More
    2025 NTT Tzaneen Rally Roars Back to Life in June
    June 3, 2025
    Maserati MSG Racing’s Shanghai Weekend Concludes with Double-Points Haul
    June 3, 2025
    TOYOTA GAZOO Racing prepares for island challenge
    June 3, 2025
    Class wins and overall lead in the GT World Challenge Europe for BMW M Motorsport team
    June 2, 2025
    TAG Heuer Porsche Formula E Team regains teams’ classification lead with double-podium
    June 2, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Volvo Trucks wins prestigious design award
    June 3, 2025
    MAN development team for autonomous driving is ‘Engineering Team of the Year’
    May 29, 2025
    Scania to start deliveries of new electric buses to northern Sweden
    May 29, 2025
    From left to right: Jens Böther, Regional Council; Nikolas Wenzel, Managing Director of MOIN; Claudia Kalisch, Mayor of Lüneburg; Alex Meier, Depot Manager; Nils Richert, Daimler Buses
    Daimler Buses builds a completely new electric bus depot for a customer for the first time
    May 28, 2025
    600 km range and superfast charging – meet Volvo’s new electric truck
    May 20, 2025
  • Reviews
    ReviewsShow More
    New Bentayga Speed: the most powerful and dynamic Bentayga yet
    June 3, 2025
    GR Supra pushes performance limits with A90 Final Edition and Lightweight EVO
    May 28, 2025
    The new BMW M2 CS
    May 28, 2025
    Defender upgraded: The unstoppable 4×4 is now even more distinctive 
    May 28, 2025
    From vision to Veyron: the evolution of a Bugatti icon
    May 17, 2025
  • Tech
    TechShow More
    Audi develops the picking process of the future
    June 2, 2025
    Volvo EX90 LiDAR and smartphone cameras: What you need to know
    June 2, 2025
    VNC Automotive Partners with P3 to Enhance the SPARQ OS Platform
    May 29, 2025
    Artificial intelligence: Audi boosts production efficiency
    May 28, 2025
    Greater efficiency and productivity with artificial intelligence – generative AI in BMW Group Purchasing
    May 19, 2025
Hot News
2025 NTT Tzaneen Rally Roars Back to Life in June
New JAECOO J5 will raise the bar for compact crossovers when it arrives in Q3 2025
Maserati MSG Racing’s Shanghai Weekend Concludes with Double-Points Haul
TOYOTA GAZOO Racing prepares for island challenge
Volvo Trucks wins prestigious design award
Latest News

Kia announces March 2024 global sales results

Trucks & BusesLatest News

MAN again with rising order intake

Latest News

Škoda Auto produces first units of updated Octavia in Kvasiny

Latest News

Changes in the MINI management team

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Stellantis Employees Rewarded Nearly €1.9 Billion Worldwide for 2023 Performance

Totaling €6 Billion Since Company Creation

Itumeleng Garebatshabe
Last updated: February 15, 2024 16:40
By Itumeleng Garebatshabe
555 Views
3 Min Read
Share
3 Min Read
SHARE
  • Variable pay and profit-sharing* packages reflect 2023 global financial results and performance of each country in their respective demanding and competitive contexts
  • Additional Company matching contribution through new employee share purchase plan – Shares to Win – launched in late 2023 in France and Italy; expanding to up to 242,000 eligible employees in 2024
  • Stellantis’ “pay for performance” strategy recognizes employees’ achievements and commitment with an extra payout of €87 million this year
  • Sharing the financial success with employees is an essential element in building Stellantis’ culture and achieving the Dare Forward 2030 strategy targets

Stellantis today announced it will distribute nearly €1.9 billion this year based on the Company’s 2023 financial results and achievements at both global and local levels, recognizing the performance and commitment of its employees worldwide. Since its creation just over three years ago, Stellantis has distributed €6 billion to its global employee base.

Since 2021, the Company has been committed to sharing its success with employees, reinforcing its “Care” pillar, dedicated to its employees, its customers, and its carbon net zero objective.

- Advertisement -
Ad image

Employees are the heart of Stellantis’ performance. In 2023, approximately 95% of its employees around the world benefited from a “pay for performance” approach, which recognizes their contribution to the Company’s success.

This approach is the result of constructive dialogue with the unions in the countries where Stellantis operates, as well as the willingness to propose a compensation and benefits policy that is fair and based on market practices.

To engage employees more closely in the Company’s success, last year Stellantis launched the “Shares to Win” employee share purchase plan in Italy and France, as a pilot initiative, with a €1,000 matching contribution offered by the Company. Stellantis plans to extend this program to 242,000 eligible employees worldwide in 2024, with the same incentive guiding principles.

“In a highly demanding and competitive context, all Stellantis employees can be proud of what we have been building together over the last three years, and I want to warmly thank each of them for this,” said Stellantis CEO Carlos Tavares. “We delivered strong Company performance results, allowing us to distribute nearly €1.9 billion in profit sharing and variable bonuses for the third consecutive year. These profit sharing and variable payout programs are more than a reflection of our employees’ performance and achievements, they are the fair recognition of their commitment to succeed as one team.”

TAGGED:employeesfinancial resultsStellantis

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

Stellantis Reports 14% Increase in Q1 2023 Net Revenues

By Itumeleng Garebatshabe
May 3, 2023
Latest News

Stellantis Announces Launch of First Tranche of Its 2024 Share Buyback Program

By Itumeleng Garebatshabe
February 28, 2024
Reviews

FIAT presents the New Fiat 600 Hybrid

By Itumeleng Garebatshabe
September 19, 2023
Latest News

Ayvens Reaches Frame Agreement with Stellantis to Buy Up to 500,000 Vehicles

By Itumeleng Garebatshabe
February 27, 2024
Electric Vehicles

FIAT Debuts the Fiat 500e for North America

By Itumeleng Garebatshabe
December 12, 2023
Latest News

In 2023 FIAT continued growing by 12% globally

By Itumeleng Garebatshabe
February 20, 2024

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner