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Last Updated Friday July 03 2020 08:06 PM IST

Ferrari employees get a Xmas treat of 5,000 Euro bonus

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Ferrari employees get a Christmas treat of 5,000 Euro bonus A Ferrari California T car is on display at the 66th IAA auto show in Frankfurt am Main, western Germany. (File photo: AFP)

Milan: Luxury carmaker Ferrari is giving its employees a Christmas treat, awarding them a 5,000 Euro ($5,450) bonus each to thank them for this year's financial results and a successful Wall Street début, a spokesman said on Friday.

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 staff.

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

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

(With inputs from agencies)

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