Lehti: 300 million euros will be cut from the salaries and bonuses of Volkswagen’s management

Cars The managers of the manufacturer Volkswagen have agreed to reduce their salaries and bonuses to a total of 300 million euros, the German newspaper Braunschweiger Zeitung reported on Wednesday, according to the news agency Reuters.

“Cuts by the Volkswagen board [palkkioihin] would be proportionally larger than other management or personnel”, board member Gunnar Kilian sanoi Braunschweig newspaper.

He did not agree to say more about it.

Volkswagen and unions representing its workers reached a major deal in December to cut costs and cut 35,000 jobs by 2030, according to Reuters.

According to the company, the arrangement enables annual savings of 15 billion euros in the medium term. According to Reuters, unions are demanding that managers contribute to the savings by cutting wages and bonuses.