Immenstaad on Lake Constance, 14 November 2022

The aviation industry is recovering, demand for aircraft seats is increasing and our overall situation is characterized by drastically increased energy prices and record inflation. In order to stand by its employees as a partnering employer, ZIM Aircraft Seating is shortening working hours with full pay and is steering towards a 4-day week. The new working time model at the ZIM locations in Immenstaad on Lake Constance and in Markdorf provides for the workforce to have every second Friday off from next year. Additional flexibility will be created through mobile working and the elimination of core working hours.

Sven Achilles, CEO ZIM Aircraft Seating GmbH

“We are turning Thursday into Friday and allowing ourselves a long weekend every other week. We are very pleased that we are using new approaches to redesign the workweek and that our current economic situation also allows us to accommodate our employees in a proactive way,” says ZIM Managing Director Sven Achilles. “We know that many of our employees are suffering greatly from the sharp increase in the cost of living, heating, but also the daily commute to work. For this reason, we already paid out an inflation bonus to all employees in July and are planning another one for December. We will also pay out an inflation bonus in 2023 and, depending on how the overall situation continues to develop, we intend to increase salaries accordingly in the coming year. On the one hand, with these voluntary measures we want to honor our employees’ commitment to the company and enable a high degree of flexibility. On the other hand, we also want to give them an incentive to continue shaping the future of ZIM Aircraft Seating as committed employees.

 

About ZIM Aircraft Seating

ZIM Aircraft Seating GmbH develops and produces economy, premium economy, and business class seats for commercial passenger aircraft. Its main customers are renowned international airlines and aircraft manufacturers. The headquarters are located in Immenstaad on Lake Constance, and production is located in nearby Markdorf. Since the end of February 2020, the company has been majority-owned by the AURELIUS Group, a Pan-European asset manager with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg.