VW awards bonus, adds to pensions of German workers

Posted On: Apr. 16, 2021 10:59 AM CST

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.