Volkswagen has improved incentives for workers to volunteer to leave their jobs after just a few hundred workers took up the initial offer, Reuters reported.
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The news agency quoted a local newspaper, which said that veteran staff are now being offered up to EUR250,000 to leave the company.
The VW works council reportedly confirmed that there is a new offer and that they plan to discuss it in detail early next week.
Volkswagen wants as many as 14,000 workers to take early retirement. Workers have to agree to leave their jobs as the company is bound by a 2004 job security pact that lasts until 2011.
Staff who agree by the end of September to leave can get EUR48,000 as a bonus for leaving quickly plus additional payments dependent on current pay and length of service. Staff with 30 years of service could get up to EUR250,000. The one-off payment is halved if they agree to leave between October and the end of the year.
Volkswagen’s chief executive Bernd Pischetsrieder has said that as part of its restructuring programme the automaker wants to reduce its workforce by around 20,000 people over the next three years.
