In view of the surprisingly good cash situation at VW, the works council is now demanding a bonus for the collectively agreed employees.
Works council boss Daniela Cavallo justified the move with the six billion euros by which Volkswagen had recently adjusted its capital flow upwards. “If everyone has now done so well together in terms of cost discipline,” said Cavallo in an extra edition of the works council newspaper “Mitbelegen”, which is available to the dpa, “a recognition bonus is only fair. We are demanding this for all employees on the company collective agreement – Saxony included.”
According to the general works council’s presentation, the bonus could flow in May. Traditionally, the flexible tariff bonus was paid out at VW this month, which is no longer applicable this year. The cut was part of the austerity package that IG Metall and the group agreed to last year shortly before Christmas after tough collective bargaining. The flexible bonus is not scheduled to return in stages until 2028. However, the advance payment of almost 1,900 euros for the bonus in November was not affected.
From zero to six billion
Cavallo initially left it open how high the bonus could be. Whether the initiative will succeed at all and, if so, to what extent, must now be negotiated with the board. According to the information, there could be a water level at the next works meeting at the main plant on March 4th. VW has more than 120,000 employees in its plants in Lower Saxony, Hesse and Saxony.
On January 21st, VW surprisingly announced that the capital flow in 2025, known as cash flow, was significantly better than previously assumed. Instead of the previously targeted zero euros, there are now six billion euros. CFO Arno Antlitz spoke of a “result of intensive cost work in the areas of preliminary services
– i.e. in development and investments – as well as in management
of our stocks”.
In simple terms, cash flow is about “the money that actually stays in the cash register,” as Antlitz put it. The key figure has nothing to do with sales or even profit. Cash flow can be influenced, for example, by postponing payments to the following year or by bringing income forward.
The VW share temporarily lost 0.62 percent to 103.90 euros on XETRA.
WOLFSBURG (dpa-AFX)
Selected lever products on Volkswagen (VW) St.
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Volkswagen (VW) St.
The leverage must be between 2 and 20
Advertising