News - Volkswagen
VW top brass set to have bonus payments cut
Bonuses for VW chairman, other management to be slashed in wake of emissions scandal
14 Apr 2016
By TERRY MARTIN
- Volkswagen Group chairman Hans Dieter Poetsch and other members of the European auto giant’s top management have agreed to take a “significant reduction” in their bonus payments as the global diesel emissions scandal continues to play out.
- In a statement, Volkswagen said the supervisory board and management board had jointly agreed that “given the current situation of the company, a signal should be sent with respect to the topic of the management board’s remuneration”.
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