Workers at Volkswagen AG covered by collective bargaining agreements are receiving a performance related bonus for 2017 of EUR4,100, "including a special reward", the automaker said.

This bonus was based on the two year calculation period laid down in collective bargaining agreements.

The management board had also decided, following discussions with works council chairmen from the Brunswick, Emden, Hanover, Kassel, Salzgitter and Wolfsburg plants, "to add a special reward to the bonus in recognition of the special dedication of the workforce and the outstanding business success of the company".

Human resources chief Karlheinz Blessing said in a statement: "In 2017, the employees of Volkswagen achieved a very good team performance. The [management board]and the works council agree that this performance deserves our appreciation."

General works council chairman Bernd Osterloh said: "In 2017, the colleagues at our plants faced very considerable pressure. They showed that they also stand firmly behind the company in troubled times and bring Volkswagen forward."

An advance payment of EUR1,621 was made at the end of November 2017.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.