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Employee Benefits

VW awards bonus, adds to pensions of German workers

April 16, 2021 Reprints

Carmaker Volkswagen AG has agreed on a 23-month wage deal with Germany’s largest industrial union IG Metall to provide €1,000 ($1,198) pandemic-related bonuses and a one-time €150 pension contribution to workers, along with a 2.3% rise in salary effective next year, Benefits Canada reported. The deal covers 120,000 workers at six German factories and people working for the company’s financial services unit.

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VW awards bonus, adds to pensions of German workers

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