Automotive industry: How much severance pay do VW, Mercedes and Co. pay?
Reading time: 6 min.
|Car companies are offering their employees extremely high severance packages during the crisis. Who is paying how much? Here's an overview.
The time was ripe for Jesko Giessen. In the spring of last year, he decided to leave Volkswagen. From one day to the next. The struggling company had launched a severance package a few weeks earlier. Initially, giving up his job at the major automaker would have been out of the question for the then 38-year-old. After all, he was happy at VW, earning a good salary, and enjoying his work. But on the last day, before his chance to receive the so-called Turbo Bonus – a supplementary payment for those who decide at short notice – expired, he decided to take the money and leave Volkswagen.
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