Volkswagen pays staff 3,950-euro bonus for last year

by SpeedLux
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Volkswagen announced that it is providing its staff a 3,950-euro bonus for 2015, regardless of suffering substantial losses due to an emissions-cheating scandal.

The pre-tax premium– below 5,900 euros distributed for 2014– comes after VW also revealed substantial bonuses for magnates last month, sparking a storm of criticism amongst workers, particularly at a time of salary negotiations.

“Volkswagen staff provided great work as a group, despite the difficult situation,” stated Volkswagen human resources chief Karlheinz Blessing.

“Their strong commitment should have to be recognised,” he included.

After criticism about in charges’ rewards the automaker’s supervisory board decided at the end of April to freeze 30 percent of the annual payments for nine director-level executives.

The frozen quantity will be paid in 3 years if the business meets stock market targets.

The executives’ bonuses triggered extreme criticism both from the general public and political leaders, including German politician Wolfgang Schaeuble.

Volkswagen was compelled to recall automobiles worldwide last year after confessing had actually installed so-called “defeat devices” targeted at cheating emissions tests into 11 million diesel engines.

The carmaker revealed a loss of 1.58 billion euros after setting aside 16.2 billion euros in arrangements to cover the prospective fines, suits and recall costs it anticipates from the scandal.

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