Volkswagen today said it will pay its German workers a 7,200-euro ($9,400) bonus for 2012, a reduction of 4 percent on the previous year's payout despite Europe's biggest carmaker posting record profits and sales last year.
VW is reining in bonuses for factory workers and top executives at a time when the Wolfsburg-based company is bracing for tougher competition in its home and global auto markets. VW said last week that the group operating profit in 2013 may be flat.
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