BREAKING NEWS

BREAKING NEWS

VW to slash board bonus package in the wake of emissions scandal

The scandal hit car manufacturer Volkswagen looks set to dramatically reduce management bonuses.

Now Reading:

VW to slash board bonus package in the wake of emissions scandal

Text size Aa Aa

The scandal hit car manufacturer Volkswagen looks set to dramatically reduce management bonuses.

VW has come under fire from one of its major shareholders, Lower Saxony, about plans to pay juicy bonuses to management while the company is cutting costs across the board in the wake of the crippling emissions crisis, which has cost VW fortune.

Chief Executive Matthias Mueller is expected to ask board members to accept a voluntary bonus reduction of around 30 percent.