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Name | Symbol | Market | Type |
---|---|---|---|
Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.21% | 4.70 | 4.65 | 4.75 | 4.71 | 4.67 | 4.69 | 418,270 | 21:20:00 |
Volkswagen AG (VOW.XE) employees at six factories in western Germany will get a total bonus of EUR4,000 for their work in 2010, Volkswagen's top labor representative Bernd Osterloh said in a statement Monday.
The announcement follows an agreement between VW's executive board and workers' union.
The workers got the first EUR1,314 of the payment in November and will receive the remaining EUR2686 in May, the company said.
Osterloh said the basis of the talks was a profit-sharing agreement in place since 2006, by which VW factory workers receive 10% of operating profits from the passenger car brand.
-By Chiponda Chimbelu, Dow Jones Newswires, +49 69 29 725 500, chiponda.chimbelu@dowjones.com
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