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.

Volkswagen CEO seeks cut to board bonuses https://t.co/QAetdu8HQepic.twitter.com/shCdGLK2he

— Hindustan Times (@htTweets) April 11, 2016

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.

Volkswagen CEO seeks cut to board bonuses – sources https://t.co/wUBfjIa8fApic.twitter.com/sscMsxJXfV

— Reuters India (@ReutersIndia) April 10, 2016

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