VW to pay employee bonus as per 2002

Volkswagen AG has said it intends to pay a bonus to employees of €1,550, the same level as for 2002, despite the slump in profits last year and the dividend cut.

Klaus Volkert, VW works council head and supervisory board member said: "Despite an extremely disappointing year in 2003, we managed to agree an employee bonus of €1,550 at a works meeting here."