Companies / Germany
VW Raises Buyout Offer
June 2006 | Company Finance AlertGerman carmaker Volkswagen has increased the buyout offer made to its German staff, in order to reduce its workforce and improve competitiveness. VW is now offering between EUR95,000 and EUR250,000 to its 85,000-strong workforce, depending on each employee's existing salary and duration of employment. The company had previously offered between EUR60,000 and EUR175,000 but received little response.
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