2012 Half year financial report

As of 30 June 2012, the Group's employees numbered 8,349 against 7,954 in the same period in 2011, of which 4,414 operating at Italian sites against 4,381 as of 30 June 2011, with an increase of 395 units in the Group and 33 in ITALY.

Efforts continued to diversify the work force, with a considerable increase in the number of professional and/or specialist staff dedicated to product and process development and innovation.

The total number of stable employees of the Group was equal to 6,007 as of 30 June 2012, of which 3,891 work at Italian facilities. The decrease amounts to 184 in the Group and 36 in Italy compared to 30 June 2011.

Development at different sites in the Far East was particularly significant, with the consolidation of Piaggio Vietnam Co. Ltd., where employee numbers rose to 844 as of 30 June 2012 from 652 at 30 June 2011.

Employees by geographical segment at the end of the period

  As of 30 June 2012 As of 31 December 2011 As of 30 June 2011
EMEA and Americas 4,875 4,356 4,925
of which Italy 4,414
3,871
4,381
India  2,548
2,331
2,315
Asia Pacific 926
932
714
Total 8,349
7,619
7,954
   

Average number of Company employees by professional category

  1st half of 2012 1st half of 2011 Change
Senior Management 95 102 (7)
Middle Management 57249280
White collars 2,1802,08694
Blue collars 5,4064,990416
Total 8,2537,670583