VW Workers Get €5,900 Profit-Sharing Checks
Volkswagen AG is distributing €5,900 profit-sharing payments to its hourly workers at six plant locations in Germany.
#labor #economics
Volkswagen AG is distributing €5,900 profit-sharing payments to its hourly workers at six plant locations in Germany.
The payments are based on VW's profit last year, when net income climbed 20% to €10.8 billion.
VW praised its workforce's strong team performance despite difficult conditions in several markets. But the company cautions that continued market challenges could reduce growth in 2015.
RELATED CONTENT
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.