Politics 27 February 2013 Volkswagen shares bonuses among employees, caps them for top management We like the German model. Sign up for our weekly email * Print HTML Volkswagen is has just announced that it's doing something rather good - splitting bonuses between employees. It is giving everyone a a bonus of 7,200 euros for 2011, after the company posted strong profits. "The bonus payment is hard-won and deserved, it's justified that employees participate in the company's success," board member Horst Neumann told Fox News. Interestingly, this follows news that it will cap the bonuses of top managers, reported in the Wall Street Journal on Friday: The company added that it had moved to cap the compensation of its top managers, deciding to pay bonuses only in years that Volkswagen's annual operating profit exceeds €5 billion. For 2012 and 2013, it added Mr. Winterkorn's bonus would be capped at €6.75 million, while bonuses for other top managers would be limited to €2.5 million. ..which went along with a 20 per cent pay cut for their CEO. If this is the German model I like it. › New Statesman cover | 04 March Photograph: Getty Images Subscribe from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?