Rain for VW employees: full premium despite austerity measures!

Rain for VW employees: full premium despite austerity measures!

Despite a planned austerity course at Volkswagen, the approximately 120,000 employees of the company in Germany can look forward to a full bonus this year. As Krone , the employees will continue to receive an unabridged premium, which has always been several thousand euros in recent years. The exact amount will be announced after the announcement of the annual balance sheet for 2024 on Tuesday, with an operational profit of 18 billion euros.

The works council has confirmed that there will be no reductions in the premiums this year, even though a austerity course has been initiated. Works council chief Daniela Cavallo pointed out that the usual bonus payments, which are already replaced by a new model for the years 2026 and 2027, are not affected for 2024. Instead, a fixed advance payment of around 2,000 euros is to be made in the coming years, while the variable profit sharing is temporarily suspended. In recent years, the VW employees received an average of 4,735 euros, and in particularly successful years the bonus was even over 7,000 euros, such as t-online reported.

A look into the future

The agreement to reduce the profit sharing only came into force after this year's payment. This strategy was determined in a tariff compromise with the IG Metall. Even if the premiums remain unabridged this year, employees will have to expect significantly lower additives from next year, which will affect the financial situation of the employees. The company had already corrected its profit forecasts down several times, but the subsequent discharge for employees remains a positive topic until the new regulation, while the future prospects must be considered less rosy.