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POAHY Porsche Automobile Holding SE (PK)

4.70
0.01 (0.21%)
15 Jul 2024 - Closed
Delayed by 15 minutes
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 To Pay EUR4,000 Bonus To Factory Workers In Germany

07/03/2011 5:06pm

Dow Jones News


Porsche Automobile (PK) (USOTC:POAHY)
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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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