How Sweet is Nutella: Giovanni Ferrero has been Italy's wealthiest man for years, and his company continues to expand, including the acquisition of brands like Tic Tac. This year's 10% revenue growth allowed for a substantial bonus for 6,000 employees, excluding managers and executives.
The News
Ferrero continues to stand out as an example of enlightened capitalism in Italy, following in the footsteps of the glorious Olivetti under the late Adriano and other human-faced companies. Despite not being publicly traded but still family-owned, it once again shatters its own records: this year saw a 10% increase in revenue compared to the previous year, with a consolidated balance of a whopping 14 billion euros and 800 million euros in planned investments.
Hence the decision to grant a bonus to employees, who have always benefited from the company's positive performance. Each of them will receive an average of €2,400, but the exact amount will depend on the performance of the production facility or the area of activity, accounting for 70%. This includes 6,000 individuals, excluding managers and executives, employed in Alba, Pozzuolo Martesana in the province of Milan, Belvano in Basilicata, and Sant'Angelo dei Lombardi in Campania. The differences are minimal, ranging from €2,307 for "areas and warehouses" to €2,401 for Sant'Angelo (these figures are gross, but the expected taxation is only 5%).
The windfall, which will arrive with the October paycheck, can be converted into personal services based on the agreement reached with the unions. For example, it can cover medical or educational expenses, utility payments, supplementary pensions, or fuel costs. Amounts of €300, €500, or €700 can be directly disbursed in vouchers and equivalent items, with a 20% increase. Company welfare has always been a strong point for the Ferrero family, helping to foster a collaborative work environment.
