published Wednesday, November 30th, 2011

VW a tonic for Chattanooga economy

More than 2,500 employees.

About $200 million in wages paid.

Those numbers give a snapshot of the ongoing economic benefits that Chattanooga and our surrounding area are enjoying thanks to the massive Volkswagen plant at Enterprise South industrial park.

The plant is producing up to 450 cars per day in two shifts, and it is still filling some positions.

But the benefits do not end there.

Employees stand to get quarterly performance bonuses of up to 10 percent of their pay, a VW official told the Times Free Press.

That money, in addition to the regular wages paid at the plant, will multiply throughout our local economy -- for the good of Volkswagen employees but also for all of our residents.

Remarking on Volkswagen's significant contribution to our economy, former Hamilton County Mayor Claude Ramsey declared: "It's like a script. I couldn't have written a better one."

The good news so far -- coupled with the likelihood that Volkswagen will expand its production in coming years from the current Passat to an additional locally produced vehicle -- gives us all reason to be optimistic about Chattanooga's economic prospects.

2
Comments do not represent the opinions of the Chattanooga Times Free Press, nor does it review every comment. Profanities, slurs and libelous remarks are prohibited. For more information you can view our Terms & Conditions and/or Ethics policy.
please login to post a comment

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.