VW Targets Anniversary Bonuses
This is a Germany news story, published by Yahoo Finance, that relates primarily to VW news.
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time Volkswagen employeesDPA International
•Volkswagen aims to cut worker anniversary bonuses amid pay dispute
72% Informative
VW has threatened to close plants in Germany , while labour leaders have warned of mass layoffs.
The automaker contends with falling profits and stiff competition.
Management contends that the car manufacturer's competitiveness is at risk due to high costs at its German plants.
Workers receive one -off bonuses of 1.45 times their monthly salary after 25 years of service.
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79
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80
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69
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