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Ferrari

Ferrari handing out bonuses to employees for 2020

Along with hiring 50 new employees in 2021, Ferrari have announced they've reached an agreement with trade unions regarding a bonus for 2020 as the team look to improve Formula 1 results on the track.

Article
To news overview © Ferrari

Although 2020 saw Ferrari have a down year in terms of Formula1 results, employees at the team's Italian plant will receive a competitive bonus believed to be in the region of €7,500.

The Scuderia had their worst season since 1980 last time out, finishing sixth in the constructors' standings while failing to register a single victory, however that hasn't stopped them from rewarding their workers in what was a difficult working year due to the COVID-19 pandemic.

Ferrari have announced that they've signed an agreement with their trade unions regarding a competitiveness bonus believed to be in the region of €7,500. The decision follows the important steps taken by the manufacturer to ensure that employees who weren't able to work remotely from March 16, 2020 to May 4, 2020 were still paid a regular salary rather than relying on social safety nets or paid leave.

The Italian outfit already introduced the "Back on Track" program back in April to help promote a safer workplace along with the psychological well-being of employees and have already hired 50 new employees in 2021.

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