Booming Audi to pay workers €6,500 bonus

AFP - [email protected] • 3 Mar, 2011 Updated Thu 3 Mar 2011 18:37 CEST
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Luxury German carmaker Audi, a unit of Volkswagen, said Thursday its staff of 42,500 would receive an average bonus of €6,513 ($9,053) as thanks for strong results last year.

The payment, Audi's biggest bonus ever, will cost the company €276.8 million, a statement said.

Like rivals BMW and Mercedes-Benz, Audi was boosted last year by sales in China, and sold a total of 1.09 million vehicles worldwide, a gain of 15 percent from 2009, a particularly bad year for the auto sector.

Audi workers in Brussels and Gyoer, northern Hungary, are to receive an additional bonus equivalent to a month's salary, the company added.

In January, the parent group of Mercedes-Benz said its workers would get two bonuses, including one of €3,150 related to the 2010 results.

The second, of up to €1,000, was meant to celebrate "the 125th anniversary of the invention of the automobile" by company founder Carl Benz.

German companies have favoured paying bonuses over pay increases to keep

wages competitive with foreign rivals.



AFP 2011/03/03 18:37

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