VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports
- Posted on December 22, 2024
- By Business News Today
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VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports
Volkswagen managers will face a two-year 10% pay cut due to reduced bonuses, as part of a deal with unions to cut jobs and production. The agreement, aimed at preventing strikes, includes over 35,000 future job reductions and capacity cuts across Volkswagen's German operations.
