Adapted to the Return Decline?: Report: VW Significantly Lowers the Threshold for Manager Bonuses
4 Articles
4 Articles
While Volkswagen is wrestling around its future with billions of savings programs and job cuts, reports report that the threshold for full manager bonuses is falling.
The VW Board of Management is disappointed with the Group's return in the summer. According to a report, the value of 3.8 percent is still good enough for the full manager bonus - and that at a time when the car maker has to save massively.
In the summer quarter, Volkswagen achieved 3.8 percent return. Much too little, commented the Chief Financial Officer. But internal documents show that the value for the full bonus is apparently high enough.
The discussion about the board's remuneration has started early in the period of austerity. At the automaker it remains astonishingly calm.
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