Stellantis Employees Benefit from Company's 2021 First Full Year Financial Results
Stellantis announced a significant redistribution of €1.9 billion to employees based on its strong 2021 financial results, marking a 70% increase compared to the previous year's cumulative redistribution by legacy companies.
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Rhea-AI Summary
Stellantis announced a significant redistribution of €1.9 billion to employees based on its strong 2021 financial results, marking a 70% increase compared to the previous year's cumulative redistribution by legacy companies. This initiative highlights the company's commitment to its workforce amid challenging circumstances, including the pandemic and semiconductor shortages. Stellantis CEO Carlos Tavares emphasized that employees are integral to the company's success and that they will benefit from the company's profitable growth. The policy follows a 'pay for performance' approach to enhance employee commitment.
Positive
- €1.9 billion redistributed to employees, a 70% increase from previous years.
- Demonstrates strong commitment to employee compensation linked to company performance.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Stellantis Employees Benefit from Company's 2021 First Full Year Financial Results
- In all countries where Stellantis is present, employees1 benefit from the Company’s results in first year
- €1.9 billion redistributed, €770 million more than the cumulative amount redistributed last year by each of the previous legacy companies, representing 70% increase
- Company compensation and benefit policy aims to enhance employee commitment through a “pay for performance” approach in a challenging context (pandemic, semi-conductor shortage, etc.)
AMSTERDAM, February 23, 2022 – The creation of Stellantis has brought benefits to the new Company and its employees all over the world. Stellantis’ 2021 full year results allow a redistribution to employees as a recognition of their contribution to the Company’s achievements.
“Employees are the heart of Stellantis. It is thanks to their continued focus on execution and excellence that we were able to achieve record results in our first year as Stellantis,” said Carlos Tavares, Stellantis CEO. “Every Stellantis employee took on an extraordinary task in 2021 of combining two automakers while facing serious external challenges. Our goal is that all employees benefit from the company’s profitable growth. We are pleased to reward and thank our team members for their tireless commitment.”
About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.
| @Stellantis | Stellantis | Stellantis | Stellantis | |||||
| For more information, contact: Valerie GILLOT + 33 6 83 92 92 96 - valerie.gillot@stellantis.com Nathalie ROUSSEL + 33 6 87 77 41 82 - nathalie.roussel@stellantis.com communications@stellantis.com www.stellantis.com | ||||||||
1 STELLANTIS NV Automotive division (without JVs, temporary workers)
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