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Ferrari To Onboard 250 New Hires In The First Six Months Of 2024

“Ferrari is made of people, who have been, are and will be at the core of our attention,” commented Benedetto Vigna, CEO of Ferrari.

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Ferrari is going to onboard 250 new hires in the first six months of 2024, half of which should be confirmed in January, and will also launch a series of initiatives to provide even greater support for its people.

A broad-based share ownership plan, a new agreement for the Competitiveness Award signed with the FIM, UILM and FISMIC trade unions, and an expansion of the welfare programme are the projects set out today by the Company, with the aim of promoting a culture of collective responsibility and increasing engagement in company life. 

“Ferrari is made of people, who have been, are and will be at the core of our attention,” commented Benedetto Vigna, CEO of Ferrari. “These initiatives demonstrate our desire to foster the sense of belonging that makes us unique, and underline how we continuously strive for excellence.”

A broad-based share ownership plan will be launched in the early months of 2024. Each employee will be given the option to become a shareholder of Ferrari, receiving a one-off grant of shares, free of charge, worth up to a maximum of approximately Euro 2,065, in line with the relevant tax regulations. The plan will be serviced by treasury shares. If the employee keeps the shares for at least 36 months, the Company will grant them an additional tranche of shares worth up to 15% of the value of the first allocation. Ferrari will also bear all expenses related to the management of the plan and all related individual employee positions. The terms and conditions of the share ownership scheme will be detailed in a specific regulation.

The Company plans to extend this plan to the employees of all foreign Group companies, in accordance with national legislations.

 



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