Volkswagen China: year-end bonuses for employees equaling 27 months of salaries image

Volkswagen Group China (VGC) plans to give out year-end bonuses equaling 27 months of salaries, Guangzhou Daily reported last week. On top of that, employees also received double salary for eight months this year.

The company confirmed the news but said it was not that much as they based the bonus on the basic salary, which is 3,000 Yuan (S$602) per month. Basic salary accounts for one-third of the total payroll for the company, the report said.

In 2007, FAW-VW gave employees double-salary for two months of the whole year. That number has since been on the rise steadily – five months in 2008, six months in 2009, seven months in 2010, and eight months in 2011.

The joint venture manufactured its one-millionth vehicle of the year last week, successfully meeting its annual production target.

In addition, part of the Volkswagen Group, Audi is building a new plant in China that will produce a new member of its A3 family starting in 2013. It is the automaker’s second plant in China.

Audi already has a strong presence in China alongside FAW-VW and is the market leader in the premium segment. It has been building long-wheelbase versions of the Audi A4 and Audi A6, as well as the Audi Q5, in Changchun for more than 20 years.

The Group reported last week that 2.39 (2.02; +18.3 percent) million vehicles were delivered to customers in the period to November, of which 2.11 (1.82; +15.5 percent) million units were delivered in China, the largest single market.