VW Group Pays Out Nearly $5,600 In Bonuses After Exceeding Performance Targets

Unions at Volkswagen Group win agreements on a performance-related bonus of about €5,000 ($5,675) per worker.

The agreement in response to business successes during 2019 will see all its employees receive the bonus announced by CEO Herbert Diess and the chairman of the general works council, Bernd Osterloh. The payout is based on the 2-year calculation period laid down in collective bargaining agreements.

Of the latest bonus, employees covered by collective bargaining agreements already received €1,690.50 ($1,919.05) gross with their salary for November 2019. This means employees are still to receive an amount of €3,259.50 ($3,700.17) gross. This will be paid together with their salary for May...

qwertyfla1 - 3/15/2020 10:02:02 AM

-5 Boost

And would these union dog fuckers chip in to cover any business losses? Oh that's right like every other collective agreement/business extortion it is all one sided...

MDarringer - 3/15/2020 10:18:58 AM

-4 Boost

well said. Kill unions now.

valhallakey - 3/15/2020 1:46:41 PM

+4 Boost

Nice to see the workers actually share in the success of the company instead of just the executives. Good motivator for the future as well. As for covering any losses, they do it with pay cuts, benefit cuts, job losses while the executives often still get bonuses or a golden parachute. Main people getting screwed are the shareholders.

MDarringer - 3/15/2020 2:28:44 PM

+3 Boost

Success? Have you forgotten the Dieselgate rape?

Ccoxx - 3/15/2020 4:12:17 PM

+1 Boost

Congrats VW success & employee bonuses!