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A few days ago, Volkswagen announced in an email that annual performance bonuses will be paid to employees, and Volkswagen employees will receive a bonus of up to 4950 yuan (about 39000 yuan).

The bonus for Volkswagen employees in 2018 was 4750 euros (about 37200 yuan), which means that the bonus paid to Volkswagen employees in 2019 is the highest in recent years. The bonus was determined in a previous negotiated agreement with employees, who received some of the bonus in November last year, and Volkswagen will pay the rest of the bonus to employees together with monthly salary in May.

Dr. Herbert Dis (Herbert Diess), CEO of Volkswagen Group, praised the excellent performance of his employees, saying, "Volkswagen employees demonstrated strong team performance again in 2019. They have made important contributions to the commercial success of Volkswagen. Thank them for their commitment and for every employee's participation in the success of the company. "

"2019 is another difficult year for our colleagues," said Bernd Osterloh, president of the union. But they started working again, pushing Volkswagen back into the car market. Therefore, it is fair that employees should share in the success of the company, and they deserve to win these bonuses. "

Gunnar Kilian, a member of Volkswagen's human resources board, also warned: "this bonus reflects 2019 success." By 2020, it is clear that it is expected to be more limited, and this shift will be for dedication, flexibility and efficiency. Not only from the perspective of the virus, the economy also faces great challenges. "

It is worth noting that the Volkswagen employees mentioned in the bonus refer to the employees directly under Volkswagen, which have about 100000 employees worldwide.

Therefore, it does not include employees of domestic joint venture car companies such as FAW-Volkswagen, SAIC-Volkswagen, Jianghuai Volkswagen and so on. In terms of sales contribution, China is Volkswagen's largest single market in the world, accounting for half of Volkswagen's sales, which should not be underpaid, but so far the employee incentive scheme for the joint venture has not been announced.

In 2020, due to the impact of the epidemic and the market environment, SAIC-Volkswagen has been exposed to launch a pay reduction program for employees, including overtime pay adjustment, discounted performance awards, reduced double pay, and so on. In fact, a number of enterprises in the Shanghai Automobile Department have also adopted wage reduction plans to cope with changes in the market environment.

According to sales figures released by Volkswagen Group, Volkswagen Group's global sales reached 10.9746 million vehicles in 2019, an increase of 1.3% year-on-year and a record high. Among them, the Chinese market grew slightly by 0.6% compared with the same period last year, with overall sales reaching 4.2336 million vehicles, accounting for 38.6% of Volkswagen's global sales.

In addition, Volkswagen sold 6.2783 million vehicles worldwide in 2019, up 0.5 per cent year-on-year. In China, the world's largest single market, Volkswagen brand sales rose 1.7% in 2019 to 3.1632 million vehicles, accounting for 50.38% of Volkswagen brand global sales. As a result, the Volkswagen brand continues to be the most popular local car brand.

According to the 2019 financial report, Volkswagen Group's annual sales revenue was 252.6 billion euros, up 7.1% from the same period last year; operating profit was 17 billion euros, up 21.8% from the same period last year; and operating profit excluding special project expenses was 19.3 billion euros, up 12.8% from the same period last year. Special project expenditure includes fines and expenses for the settlement of the "emission gate" totaling 2.3 billion euros.

In the Chinese market, Volkswagen earns an operating profit of 4.4 billion euros from joint ventures, accounting for nearly 30 per cent of the group's total profits.

In its future plans, Volkswagen intends to shift to electrification. Volkswagen Group has advanced its original plan to produce 1 million electric cars in 2025 to 2023. At the same time, it is planned to invest 33 billion euros in electrification over the five-year period from 2020 to 2024. By 2028, Volkswagen will launch about 70 new electric models worldwide, with total global sales planned to reach 22 million, more than half of which will come from the Chinese market.

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