About 37,000 VW employees have reason to rejoice: An assistant gives them a hot shower of money.
Each employee receives up to 3,000 euros as a gift from a VW subsidiary – and that’s the next month.
VW subsidiary pays hefty premium
VW employees receive a bonus for a successful IPO from Porsche AG. A company spokesperson confirmed to the German press agency that the group could jump up to 3,000 euros per employee for this.
The cost of such bonuses for the approximately 37,000 employees worldwide was estimated by the Stuttgart carmaker before the IPO at around 250 million euros.
VW: Money will rain in November
A spokeswoman for the work council said that the money should come into the employees’ accounts along with the salary for November. The amount will be adjusted based on the length of service and any part time work. It had already become known that parent company VW wanted to pay its employees the company’s tariffs and a 2,000 euro bonus in Saxony.
Porsche going on the floor at the end of September brought 9.1 billion euros to VW Group’s coffers. It was the largest German IPO after Telecom in 1996 and the second largest worldwide IPO this year after battery cell maker LG Energy Solutions.
A few days ago, the group loosened several billion euros. You read in whose pocket money goes >>>here, (dpa / red.)