Volkswagen AG Employees to Receive Performance Bonus of €4,950 | Financial Buzz

Volkswagen AG Employees to Receive Performance Bonus of €4,950

Volkswagen AG reported agreements, noting that employees that are applicable, are entitled to a performance-related bonus of €4,950.  CEO Herbert Diess had words of praise for the employees.  Dr. Herbert Diess said: “The employees of Volkswagen again demonstrated a strong team performance in 2019. 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.”

Bernd Osterloh emphasized: “2019 was another tough year for our colleagues. 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.”

Volkswagen HR Board Member Gunnar Kilian warned: “This bonus reflects the successful year of 2019. For 2020, it is clear that expectations may be more limited. The transformation will call for dedication, flexibility and efficiency. Not only in view of coronavirus, the economy and therefore also Volkswagen face a highly challenging year.”

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