Berlin the state of Lower Saxony penetrates to the information of “Süddeutsche Zeitung” (SZ), NDR and WDR that the Board of Volkswagen omitted completely or at least largely due to the exhaust affair on bonus payments.
Prime Minister Stephan Weil (SPD) wants to prevent the actually overdue bonuses in the millions on Monday at the meeting of the presidential by VW in Wolfsburg. Niedersachsen suppose here a tough stance, it is in the media, citing the group’s top management. The state is one of the three major shareholders of VW.
Previously had become known that the VW top managers were prepared for the exhaust affair on a part of their performance-related pay for refrain, 2015. CEO Matthias Müller would propose to the Bureau of the Supervisory Board on Monday to reduce the variable remuneration of directors significantly, said two people familiar with the plans told Reuters. The VW directors bonuses in recent years were many times higher than the fixed salary.
” bild am Sonntag “reported that the managers wanted voluntarily waive approximately 30 percent of their bonuses. The VW board have debated on the premiums. Some managers held special payments currently inappropriate, others would have insisted.
The main reason for the bonuses is normally the economic development in the previous years. The years 2012-2014 were going well for the company, which made profits in the billions and had satisfied customers and employees. Nevertheless, the bonuses were of Lower Saxony’s view because of the affair to anyone to place, neither the population nor the business partners and customers of VW, SZ, WDR and NDR reported.
When SPD state party on Saturday in Braunschweig Weil said VW is not just about damage control, but also about morals. VW must again flagship company, “not only in economic terms”.
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