Victory Motorcycle employees to enjoy share in company profits

The success of the parent company of American motorcycle manufacturer, Victory Motorcycles has been built by the everyday, hard-working employees.

And company officials have acknowledged that with continuing share profits with its employees. Yesterday Polaris Industries announced it would continue its tradition of profit-sharing with its employees for the 28th year.

The Company will distribute today nearly $10 million of its profits from the 2009 calendar year among approximately 2,200 hourly and non-salaried Polaris employees. On average, each of these employees will receive nearly 15 percent of their annual pay base. In addition, Polaris will distribute profit-sharing payments to each of its fulltime salaried employees today as well.

With annual 2009 sales of $1.6 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER®, snowmobiles and of course, Victory Motorcycles.

Victory Motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are rapidly making impressive in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris® apparel, accessories and parts, available at Polaris dealerships.
 
The parent company of Victory, Polaris, began sharing its profits with employees in 1982, embracing the idea that the Company’s success is dependent on dedication and tireless work from its employees, and therefore, each employee was entitled to benefit from that success. Since its inception, Polaris’s profit-sharing program has shared cumulatively over $200 million with its hourly and non-salaried employees.

“Profit-sharing is something that is very important and fundamental to the culture at Polaris, especially as we continue to outperform the industry,” said Scott Wine, Chief Executive Officer. “We understand that Polaris’ success is built on a foundation of dedication, innovation, and hard work from our employees. To acknowledge and reward that extra effort is something we are proud to continue.”

Last Updated (Saturday, 06 March 2010)

 
Visit our sponsors
Search the Online Motorcycle Magazine website
Motorcycle stuff relating to this page
Tell a friend about this!
Facebook MySpace Twitter Digg Delicious Stumbleupon Google Bookmarks RSS Feed