'Ferrari: New Hires And New Initiatives For Its People; 250 New Hires Planned In First Half Of 2024'
Portfolio Pulse from Benzinga Newsdesk
Ferrari plans to hire 250 new employees in the first half of 2024 and launch a broad-based share ownership plan for its 5,000+ employees, starting in Italy. The plan includes a one-off grant of shares and additional shares after 36 months. Ferrari also renewed its Competitiveness Award agreement, allowing employees to convert part of the award into company shares. The company is committed to sustainability by including an ESG indicator in the award calculation. Additionally, Ferrari is expanding its health and parenting support initiatives, including free annual medical check-ups and extended support for parents.
November 13, 2023 | 5:51 pm
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Ferrari announces significant employee-focused initiatives including hiring, share ownership plans, and welfare programs, which may positively impact employee morale and productivity.
Ferrari's announcement of new hires and employee-centric initiatives such as share ownership plans and welfare programs is likely to be viewed positively by investors as it could lead to increased employee engagement and productivity. The focus on sustainability through the ESG indicator may also appeal to socially responsible investors. These factors could contribute to a positive short-term impact on Ferrari's stock price.
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IMPORTANCE 75
RELEVANCE 90