BERLIN (Reuters) – A cut in executive bonuses at Volkswagen will lead to a 10 percent pay cut over the next two years, Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck an opt-out deal with unions. jobs and reduced production.
The newspaper said the reduction would apply to May bonuses, resulting in a 10% pay cut in 2025 and 2026 for 4,000 managers. She added that in the next three years, their salaries will decrease by 8%, 6% and 5%.
A Volkswagen spokesman declined to comment on the report. Representatives of the IG Metall union and the company's employee labor council could not immediately be reached for comment.
Volkswagen, Europe's largest carmaker, announced sweeping changes on Friday at its German operations, including more than 35,000 future job cuts and sharp cuts in production capacity in the agreement reached with unions after days of arduous talks. .
The agreement sought to avoid mass strikes at the company, whose problems have highlighted a broader slowdown in German industry.
