Volkswagen workers in Germany to receive €7,200 bonus for 2012 results image

Volkswagen AG employees in Germany covered by collective bargaining agreements will receive a performance-related bonus of € 7,200 for the 2012 financial year.

The sum is the result of negotiations between the Works Council Chairmen of the Brunswick, Emden, Hannover, Kassel, Salzgitter and Wolfsburg plants and the Volkswagen Board of Management.

“This bonus is the result of hard work and is well-earned. It is the well-deserved participation of employees in our success. In 2012, the Volkswagen team once again did outstanding work and every member of our workforce will benefit from the achievements of the team,” said Dr. Horst Neumann, Member of the Board of Management of Volkswagen AG responsible for human resources.

However, Neumann also warned of the difficult situation in Southern Europe. “In southern Europe, the consequences of the financial crisis have not yet been overcome and competition is becoming increasingly tough,” he said.

General Works Council Chairman Bernd Osterloh said VW employees are key for the company’s goal of becoming the world’s biggest carmaker by 2018. “To a large extent, the success of the company depends on the competence, dedication and performance orientation of our colleagues. It is therefore only consistent that they should receive good success participation as a reward for their efforts,” Osterloh said.