Volkswagen has placed around 80,000 employees on short-time work yet still plans on paying out around €3.3 billion in dividends at its AGM,
BMW has around 20,000 employees on short-time work but has stuck to its position, saying that paying the dividend is important for investor confidence. "Reliability towards our investors creates trust and maintains the attractiveness of BMW AG as an investment," the company said.
Daimler has also placed thousands of staff on the scheme but still intends on paying out its dividend, albeit a significantly reduced one from last year.
BASF plans on paying out €3 billion to shareholders even though many of its workers are currently being paid by the German state.
Likewise, the car parts supplier Continental has put 30,000 workers on short-time work but has thus far shown no intention to change its dividend plans.
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