Volkswagen pays employees $5400 bonus for 2018

6 March, 2019 12:00 AM printer

FRANKFURT: German carmaker Volkswagen is to pay around 100,000 employees on collective wage deals a 2018 bonus of 4,750 euros (US$5,400) each, the largest such payout since 2015 when they received 5,900 euros, a newsletter to staff said on Tuesday.

Works council chief Bernd Osterloh said production programs had been changed and shifts re-allocated as part of a reorganization of all plants, reports Xinhua.

"It is only fair that the staff gets its share of success," he was quoted as saying in the newsletter.

Volkswagen Group, which also includes the Audi, Porsche, Seat and other brands, recently released data for 2018 showing operating profit rose 0.7 percent to 13.92 billion euros.