Journal – VW CEO Müller presents plan for bonuses waiver ago – Reuters Germany

Berlin In the dispute over a salary waiver of the VW board members because of the exhaust affair will present a solution on Monday Volkswagen boss Matthias Müller according to a newspaper report.

He would propose to the Bureau of the Supervisory Board that the corporate executives should voluntarily give up about 30 percent of their bonuses, reports “Bild am Sonntag”. This scheme would also alongside reigning former Executive Board members as ex-CEO Martin Winterkorn concern, who had in 2015 taken his hat because of the affair of millions manipulated emissions. The VW board have debated on the premiums. Some managers held special payments currently inappropriate, others would have insisted.

According to insiders, not just bonuses which are employ Bureau of the VW supervisory board. On Monday will also talk about the dispute between the works council boss Bernd Osterloh and Volkswagen boss Herbert Diess, said two people familiar with the process. The council accuses Diess ago, he wanted to use the up of the case in job losses. On the agenda of the presidential and the status of the investigations stand a US law firm that has been working since autumn it to determine the background and in charge of the gas scandal. In addition, it will go in the session to the strained financial situation of the group.

Because of the threat of billions of penalties and damages as a result of manipulation VW has not presented any balance for, 2015. Now the board had postponed its scheduled for April 20 deliberations on the annual accounts 2015 by at least two days, reported the newspaper “Handelsblatt”, citing group circles. Background is that the talks with US environmental authorities on the technical improvement of around half a million diesel cars should go into the length. Without the affair, for the consequences of the Group to make high provisions, would have resulted in a gain of around ten billion euros last year, reported “Bild am Sonntag”, citing figures that the Group will introduce the end of April.