Volkswagen to pay increased 4,100-euro bonus to German workers

by SpeedLux
Volkswagen logo

Volkswagen will raise bonus payments to its staff based in Germany by more than 40 percent after the automaker posted record profit and sales last year, a labor union publication revealed.

The annual bonus for 2017 will be increased to 4,100 euros ($5,088.10) per employee from 2,905 euros a year previously, according to the publication read by Reuters that will be distributed to personnel on Thursday. The bonus will impact about 120,000 workers in Volkswagen’s (VW) home market.

VW group profit almost doubled in 2017 to 13.8 billion euros with sales up 6 percent to a new record even as the automaker shoulders a costly shift to electric and self-driving vehicles while facing the costs for its emissions scandal.

“Workers had a significant share (in the fact) that the VW brand, regardless of all hardships, is in a better position today,” brand chief executive Herbert Diess stated.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More