Mexican Media Brands
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
Share
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
-
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.
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.