Volkswagen again increased the annual bonus for employees

Volkswagen AG employs over 100,000 employees that may, according to the "Handelsblatt" via a higher annual bonus for 2019. In 2018, this still amounted to 4.7

Volkswagen again increased the annual bonus for employees

Volkswagen AG employs over 100,000 employees that may, according to the "Handelsblatt" via a higher annual bonus for 2019. In 2018, this still amounted to 4.750 Euro, for the past year, employees in Germany will receive 4.950 Euro and 200 Euro more than before. Published these Figures have a Say in the new edition of the works Council newspaper"". This was distributed on Wednesday at the gates of the German plants.

Volkswagen workforce at the good development of the company

the starting point for this step is a full fiscal year is involved for the automobile giants in comparison to many other competitors in the automotive sector. The VW group recorded a turnover of 252 billion Euro, a Plus of seven percent compared to the previous year. The after-tax profit rose by as much as 15 percent to 14 billion euros. So investors should benefit from this result is that The dividend should increase by more than a third. Volkswagen Vz. 132,56 EUR +1,00 (+0,76%) Xetra

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works Council chief Bernd Osterloh sees the success of the participation of "a strong character in a difficult environment," as the workforce has also pulled in the past year, "re everywhere highly flexible". The comparatively good development of the company, the employees should be involved now. Osterloh, the works Council chairmen of the other German sites had negotiated new annual premium with the company.

in Parallel, the VW Board member for human resources Gunnar Kilian presses on the brake for the new year. "The trees don't grow to the sky," he said. The pending realignment with digitization and electric offensive'm going to challenge Volkswagen in this year. Not to mention the additional burden due to Coronavirus epidemic.

Complicated calculation formula

2015 got the Deal 5.900 Euro, but since then, the amount was always under the today announced 4.950 Euro. At the time, the result was not subjected to a load of the diesel affair. In the past nine years, around 47,500 euros have been invested a total of an additional tariff bonus for each full-time employee, on average, about EUR 5,300 per year. Lower pay levels benefit from the payment of the amount as a result of participation, regardless of these grants.

Volkswagen has changed the basis of calculation in 2016 completely: The Bonus is calculated according to a complicated formula, which is based on the two previous years. So to prevent extreme situations such as after the diesel affair beat so strong to beech for a single VW-employees.

in 2017, the premium fell due to the diesel affair, and mark of 3,000 Euro.

In 2017, the premium due to the diesel affair is crashed, first on 2.905 euros. Step-by-step recovered the total group in the following years and so the premium was again successively.

The broad VW group to be set the employee bonuses according to your own requirements in the subsidiary brands. In the extremely profitable sports car manufacturer Porsche, the premium is significantly higher than that for the Volkswagen brand.

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Date Of Update: 11 March 2020, 18:00

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