VW pays profit-sharing: 7,200 euros for each collective bargaining employee

'Profit sharing is hard earned and earned, it is the fair participation of the employees The Volkswagen team did an excellent job in 2012, and this team effort pays off for everyone, 'said VW Board Member for Human Resources Horst Neumann.

The profit-sharing bonus of 7,200 euros is gross the result of negotiations between the chairmen of the works council at the Braunschweig, Emden, Hanover, Kassel, Salzgitter and Wolfsburg plants and the Volkswagen board of management.

In the previous year, VW paid the collective bargaining employees 300 euros more. Works council chief Bernd Osterloh pointed out that times were getting tougher in view of the severe sales crisis in Western and Southern Europe. Neumann said that in the coming collective bargaining round, the balance between fair basic wages, competitiveness and job security must be maintained.