Volkswagen employees covered by collective bargaining agreements are to receive a performance-related bonus of EUR7,200 gross. This amount is the result of negotiations between the works council chairmen of the Brunswick, Emden, Hanover, Kassel, Salzgitter and Wolfsburg plants and the management board.

HR chief Horst Neumann said: “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.”

He said the objective in the upcoming pay negotiations would be to maintain a balance between a fair basic salary, competitiveness and safeguarding jobs.

Neumann cautioned: “The situation is becoming more difficult. In southern Europe, the consequences of the financialfinancial crisis have not yet been overcome and competition is becoming increasingly tough.”