F1 staff excluded from Ferrari’s huge bonus payment for 2022

After beating expectations on sales and profit in 2022, the whole Ferrari staff at Maranello - except the F1 team, has received a big bonus payment.

F1 staff excluded from Ferrari’s huge bonus payment for 2022

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Ferrari started 2022 brilliantly, with a 1-2 finish in Bahrain. They looked solid contenders for the next two races, with Charles Leclerc. winning in Australia as well. But from Imola onwards, it all started to fall apart. The first ‘cracks’ appeared in Spain when Leclerc retired from the lead of the race with an engine failure. In Monaco, they were outsmarted on strategy by Red Bull – another win lost for the Monegasque. Then disaster struck in Azerbaijan, as both cars retired.

Then came Leclerc’s error in France. After that, both championships were pretty much out of reach. But the F1-75’s performance fell off considerably from Belgium onwards, apparently because of the porpoising technical directive. In addition to that, they turned down the engine to assuage the unreliability. The car also became a tire eater. Eventually, Red Bull sealed both championships with multiple races to go.

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It’s fair to say they had a pretty dismal 2022 – full of wasted potential. It can even be considered a failure. But, overall, the Ferrari organization is in very good shape. The manufacturer is particularly doing well on the road car side – they earlier hiked their outlook for 2023, following increased demand for its 2023 models. In light of this success, the staff at Maranello has been given a very big bonus – that is, except for the Formula 1 team.

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Ferrari CEO Benedetto Vigna: First priority is to win the F1 championship

Benedetto Vigna, Chief Executive Officer of Ferrari
Benedetto Vigna, Chief Executive Officer of Ferrari

According to Bloomberg, around 5000 members of the staff of the overall organization, except the F1 team, will be paid a bonus of as much as $14,838. This is because, in 2022, Ferrari beat expectations on sales and profit. The bonus is 12.5% higher than the one in 2021. According to their CEO, Benedetto Vigna, the data has set the foundations for an even better 2023, adding that the order book is ‘very robust’, covering 2023 and part of 2024 as well.

Apart from that, in 2023, the organization obviously aims to get back on the top in Formula 1. Vigna said: “We want to get back to being competitive in the F1 championship. Our goal is to win the world championship and the whole team, with Fred Vasseur who recently joined us, is working in this direction.” Other priorities include ‘developing innovative products’, ‘broadening the customer base’, and ‘increasing the number of patents’.

Time will tell how the Formula 1 team fares in 2023, though the reports and rumors out of Maranello are certainly positive. The goals for the 2023 challenger, dubbed the SF-23, are rather obvious. Faster, lighter, and more reliable. But it’s also important for the team to keep it together on the race weekends, as on multiple occasions, they seemed to fall apart.

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