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Volkswagen Hands Out a €7,200 Bonus to German Employees

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Good news for Volkswagen's German workforce as Europe's largest carmaker is sharing some of the record profits the company delivered in 2012 with its employees.

VW said on Wednesday that it will pay German workers a bonus of €7,200 or a little over US$9,400 at the current exchange rates for 2012, which is about 4 percent less than what the company handed out in 2011 (€7,500), despite the fact that its preliminary net profit rose to €21.72 billion in 2012 from €15.41 billion the previous year.

The bonus was given to around 100,000 VW employees in Germany.

"Profit sharing is hard earned and deserved; it is the equitable participation of employees in the success," said VW board member Horst Neumann. "The Volkswagen team has done an excellent job in 2012, and this team effort pays off for everyone."

Neumann, however, also warned that the situation in Southern Europe may affect the company's future growth and profits.

"The road is bumpy," he said. "The consequences of the financial crisis in southern Europe have not been overcome."


PHOTO GALLERY

VW-Factory

10 Comments:

Andy said... »February 27, 2013

Good news, only for workers in Germany of course... like other big corporations, they relocate the money as most of it´s profits come from other countries.

Eyes opened to the Evil World said... »February 27, 2013

The simple truth is German Corporations is not "racially integrated" like the American Corporations were forced to do in the 1960s and 70s, allowing less talented negros and mestizos in their workforce. And they don`t have the semitic infiltration to destroy the company cohesiveness pitting labor against management.

Anouvis said... »February 27, 2013

Good news for nazi country...

Dave Cohen said... »February 27, 2013

Odd comment from a citizen of the country that introduced pedophilia to the world.

Dave Cohen said... »February 27, 2013

You're so full of shit your eyes must be brown. Spred your nonesense on hate web sites.

RGT said... »February 27, 2013

Oh the ignorance... People like you should be put down.

Eduardo Santos said... »February 28, 2013

The only bad new is that this is only in Germany. It's unfair for employees in other countries where VW is, they aslo contribute for te profit they have...

Andriy Guravskyy said... »February 28, 2013

Well said, ignore the other comments as they are just jelly.

Andriy Guravskyy said... »February 28, 2013

This article doesn't even have an author.

Eddie said... »February 28, 2013

Profits that came out of Germany can be shared with their German employees. What about the employees in other parts of the world where they ACTUALLY made all the profits?

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