Volkswagen has announced many employees will receive €4,950 ($5,577) bonuses for their work in 2019.
While the German car manufacturer hasn’t revealed just how many of its employees will receive the bonus, it says it will be limited to those covered by collective bargaining agreements. Last year, Volkswagen provided roughly 100,000 employees on collective wage deals with a bonus of €4,750 each (roughly $5,310 at current rates).
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A statement released by Volkswagen confirms that applicable employees received an additional €1,690.50 ($1,900) with their salary in November 2019 and will receive the remaining €3,259.50 ($3,700) with their salary in May.
“The employees of Volkswagen again demonstrated a strong team performance in 2019,” chief executive of Volkswagen AG Dr. Herbert Diess said. “They have made a key contribution to the business success of Volkswagen. With the bonus under the collective bargaining agreement, we wish to thank them for their commitment and to allow each individual employee to participate in the success of the company.”
“2019 was another tough year for our colleagues,” added chairman of the General Works Council, Bernd Osterloh. “But once again, they got down to work to bring Volkswagen forward again. It is therefore only fair that the employees should now have their share in the company’s success. They have earned it.”
This year is shaping up to be an important one for Volkswagen in the continued electrification of its range. Earlier this month, it was confirmed that the ID.4 crossover will be launched in Europe later this year and be sold and produced in Europe, China, and North America.
