Ferrari Plans New Hires, New Worker Initiatives
By Stephen Nakrosis
Auto maker Ferrari said Monday it was planning on 250 new hires in the first half of next year, and also said it was extending benefits for workers, including a share ownership plan.
That plan would give workers the option to receive a free one-off grant of shares with a maximum value of about EUR2,065, the company said. Employees who keep the shares for at least 36 months will receive an additional tranche of shares worth up to 15% of the value of the initial grant, the company said.
The Maranello, Italy, luxury sports car maker will also extend benefits to its health program and its parenting support plan, it said.
Also on Monday, Ferrari said it renewed its Competitiveness Award agreement with several provincial trade union groups and the board of the company's internal trade union representatives.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 13, 2023 14:20 ET (19:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks