Personnel expenses of Volkswagen Group 2011-2020.
Amounts in million Euros.
Volkswagen Group’s personnel expenses (employee expenses) were €40,516 million in 2020 compared to €42,913 million in 2019.
|Year||Personnel Expenses (Millions)|
The personnel expenses of Volkswagen group increased to €41.16 Billion Euros in 2018 from €38.95 Billion Euros in 2017. Personnel expenses of Volkswagen group include Wages and salaries as well as Social security, post-employment and other employee benefit costs. Costs of Wages and salaries amounted to €33.37 Billion in 2018, up from €31.43 Billion in 2017.
About the Volkswagen Group:
The Volkswagen Group is one of the largest manufacturers of automobiles and commercial vehicles globally. It is also one of the global automobile brands with the largest product portfolio. 12 brands from seven European countries are a part of VW’s product portfolio. Volkswagen also offers a wide range of financial services.
2020 remained a very challenging year for Volkswagen Group. Its net sales were heavily impacted due to the pandemic. The company’s unit sales of automobiles and commercial vehicles declined. Its sales and profits compared to the previous year also declined. The diesel fiasco continued to haunt the VW group in 2020. The net sales of the company declined to € 22.9 billion in 2020 compared to €252.6 billion in 2019.