SAP transfers €400m to its employees

As much as €400 million will go to SAP employees around the world. In response to the global economic situation, the company launches an incentive program. As part of the "Grow SAP Plan", over the next four years, approximately 100,000 employees will receive additional bonuses, following the introduction of the company's share option plan.

The coronavirus pandemic has left its mark on the global economy. The European Commission forecasts that the recession will affect all countries belonging to the EU community. This, of course, directly translates into the labor market and employees' moods. SAP wants to show it meets these social concerns and despite the necessary savings, it constantly invests in its employees. 

The first tranche of the program will be launched in July 2021. The next ones will be done in the following years. You do not need to buy shares to participate in the program. The company plans to allocate virtual shares to authorized employees - a total of €100 million per year for four years.

(WBJ)