Scandal-hit VW gives staff €3,950 bonus
AFP · 14 May 2016, 15:39
Published: 14 May 2016 15:39 GMT+02:00
- Scandal-hit VW faces national outrage at mega-bonuses (12 Apr 16)
- Chiefs at troubled Volkswagen 'refuse to forgo bonuses' (07 Apr 16)
- US sues VW for $20b. over emissions cheating (05 Jan 16)
The pre-tax premium -- less than the €5,900 handed out for 2014 -- comes after VW also revealed huge bonuses for top executives last month, sparking a storm of criticism among employees, especially at a time of salary negotiations.
"Volkswagen staff provided very good work as a team, despite the difficult situation," said VW human resources chief Karlheinz Blessing in a statement.
"Their strong commitment deserved to be recognised," he added.
After criticism about the bosses' bonuses the automaker's supervisory board decided at the end of April to freeze 30 percent of the annual payouts for nine director-level executives.
The frozen amount will be paid out in three years if the company meets stock market targets.
The executives' bonuses sparked intense criticism both from the public and politicians, including German Finance Minister Wolfgang Schaeuble.
Volkswagen was forced to recall vehicles around the world last year after admitting it had installed so-called "defeat devices" aimed at cheating emissions tests into 11 million diesel engines.
The carmaker unveiled a loss of €1.58 billion after setting aside €16.2 billion in provisions to cover the potential fines, lawsuits and recall costs it foresees from the scandal.