German Manager Magazin: Volkswagen: bonus for VW employees increases002353

Volkswagen employees with collective bargaining agreements received a higher bonus payment for the past year. In total, the bonus amounts to 3630 euros, as announced by works council chief Daniela Cavallo (47) and HR director Gunnar Kilian (48) on Wednesday. Members of the workforce in the VW company tariff should receive a further 1,900 euros with the May salary after the 1,730 euros already transferred in November. There are around 125,000 employees at VW who are paid according to an in-house wage agreement.

This indicates a rising trend again. There was an extra 2700 euros for the weak Corona year 2020. That was significantly less than before – for 2019, for example, the employees at the western German locations who were entitled to bonuses received 4,950 euros, and for 2013 even 7,200 euros. In 2021, the profit share was 3000 euros.

The tariff bonus is essentially based on the operating results of the main division VW passenger cars and the brand of light commercial vehicles (VWN). However, other criteria are also applied. There was also a special payment of 2,000 euros in January for Porsche’s IPO, followed in February by the net inflation compensation premium of 2,000 euros.

The Volkswagen Group increased sales by 12 percent to around 280 billion euros last year. The operating result climbed by 15 percent to a good 22 billion euros. The bottom line is that profits increased by around 3 percent to 15.8 billion euros. From this, the shareholders are to receive a dividend increased by EUR 1.20 each. Instead of EUR 7.50 per common and EUR 7.56 per preferred share as in the previous year, EUR 8.70 and EUR 8.76 respectively are to flow to the shareholders.

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