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
-
Is Brexit U.K. Auto’s Waterloo?
French manufacturers, particularly those in the automotive sector, are making significant investments in robotic technology, according to the International Federation of Robotics (IFR). The organization says that its most recent figures show that the number of robots installed in the French car industry rose 22 percent, to 1,400 units.
-
Volvo and Uber Strike Deal for Autonomous Vehicles
Volvo—the gutsiest car company on the planet is likely to become the most autonomous-tech related vehicle provider in the world as it has announced a framework agreement with Uber under which it will sell “tens of thousands of autonomous driving compatible vehicles [to Uber] between 2019 and 2021.”
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.