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
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
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.
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.