Sources believe that Volkswagen (VW) CEO Lower Saxony is to call for substantial reductions in management bonuses at the company. The decision is believed to be the result of criticism from the state of Matthias Mueller, one of VW’s major shareholders, about proposed bonuses to managers in the wake of the emissions scandal. Controversy about bonuses has also been a feature of a dispute with labour leaders at the company. Separately, German newspaper, Bild am Sonntag, has reported that Mueller will ask board members to accept a voluntary bonus reduction of 30%.
Sources believe that Volkswagen (VW) CEO Matthias Mueller is to call for substantial reductions in management bonuses at the company. The decision is believed to be the result of criticism from the state of Lower Saxony, one of VW’s major shareholders, about proposed bonuses to managers in the wake of the emissions scandal. Controversy about bonuses has also been a feature of a dispute with labour leaders at the company. Separately, German newspaper, Bild am Sonntag, has reported that Mueller will ask board members to accept a voluntary bonus reduction of 30%.