Monday, May 16, 2016

VW factory employees will receive bonuses after all



Author: Antti Kautonen

Earlier this spring, doubts were voiced whether Volkswagen AG would pay bonuses to its workers this year. Those fears were premature. The automaker announced it will pay the employees covered by a collective bargaining agreement a profit share of €3,950 or $4,470 for the fiscal year 2015.

"Despite the difficult situation", said Dr. Karlheinz Blessing of VW's human resources department, "Volkswagen's employees produced a very good team performance and their strong commitment needs to be acknowledged." Reflecting Volkswagen's challenges, the bonuses are down slightly from last year as earlier the employees received $6,670. Of the $4,470 bonuses per worker, VW has already paid an advance portion of $1,750 in November 2015.

 Earlier, the German state of Lower Saxony called for Volkswagen's executive bonuses to be reduced or cut, Reuters reported in April.

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