Jump to content



Volkswagen's German employees get bonus of 7,200 per staff

By SYF77 on 01 Mar 2013

Attached Image

Volkswagen's sales hit record high in 2012 despite slowing sales in Western Europe. The German carmaker sold 9.07 million cars last year, up 11% from 2011. Group operating profit rose 2.1% to 11.5 billion.

As a result of the sterling performance, Volkswagen is sharing a portion of the 2012 profits with its German employees. As a result, each of the 100,000 VW staff will receive 7,200 (S$11,696) in bonus.

"Profit sharing is hard earned and deserved. It is the equitable participation of employees in the success," said VW board member Horst Neumann. "The Volkswagen team has done an excellent job in 2012, and this team effort pays off for everyone." However, he cautioned that the consequences of the financial crisis in southern Europe have not been overcome and the road is bumpy.

Attached Image

With the recent launch of the Mk7 Golf, Volkswagen's best-selling model and the world's second best-selling car, there should be sufficient demand to keep Volkswagen's balance sheet looking good for 2013.

sales report, discussions and 8 more...

Viewed: 1,181 times

Related Blog Posts
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.

Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Formula 1 has announced grid girls will become a thing of the past after months of debate. The ru...
Well-respected motor journalist Chris Harris takes the Tesla Model S P100D for a spin finally. Wa...
A Youtuber who is famous for ruining phones, has decided to try something different by putting co...
How do I leave lasting impressions and get more attention in the advertising space I have just si...
When the zero-growth policy for the car population kicks in, tens of thousands of households will...
An unnamed Chinese businessman has paid for a brand new BMW's downpayment with coins. Workers...
   Lifestyle Articles