Volkswagen: According to the report, 4,000 managers ought to forego ten % of their earnings | EUROtoday

According to a report within the “Süddeutsche Zeitung”, the financial savings plan at Volkswagen consists of vital wage cuts in administration. The “SZ” reported that round 4,000 managers will obtain ten % much less annual wage in 2025 and 2026 in comparison with their present salaries. This is due to this fact achieved by lowering the May bonus. In the next three years, the wage is anticipated to shrink by eight, six and 5 %. The waiver ends in 2030.

According to the report, the wage waiver ought to be regulated in a works settlement that ought to have already got been formulated. IG Metall and the works council defined, “Management and the board of directors must be part of the solution, which is what the employees have demanded from the beginning. And that’s what’s happening now.”

When presenting the financial savings idea, VW didn’t present any particulars about administration’s waiver. IG Metall and the works council now additionally known as on the board to take motion: “Our expectation is that the waiver by the board will once again stand out from that of the management.”