MAN introduces new pension and profit-sharing scheme
Sustainable, contribution-oriented provision for employees
In addition to the basic amount contributed to the pension plan by MAN, employees can opt to pay a portion of their annual profit-sharing bonus into an individual pension account. MAN is encouraging this voluntary contribution among employees who are subject to collective bargaining agreements by offering an additional top-up payment. Jörg Schwitalla, Senior Vice President of Human Resources at MAN AG, explained: "By virtue of this new pension plan, we are directly involving our employees in the company's success, which is after all based largely on their performance and commitment."
Thanks to a transparent account model, the ongoing performance of all contributions made can be reviewed at any time. A sophisticated investment concept for the pension capital ensures optimal performance, while also safeguarding against losses. The new profit-sharing and pension plan is to be introduced in all MAN companies in Germany.
The MAN Group is one of Europe's leading industrial players in Transport-Related Engineering, with revenue of approximately €15 billion in 2008. As a supplier of trucks, buses, diesel engines, turbo machinery, and special gear systems, MAN employs approximately 51,300 people worldwide. Its business areas hold leading positions in their respective markets. MAN AG, Munich, is listed in the DAX (German Stock Index), which comprises Germany's thirty leading stock corporations.