VolkswagenManagers should receive less money than originally planned. An inflation bonus of 1,000 euros and one Salary increase by 3.3 percent as of May 1st were canceled, as a spokeswoman for the company announced. This step is intended to help increase the operating profit margin to 6.5 percent by 2026.

The money should not be paid out because of the poor market environment. Oliver Blume’s board of directors also wants to forego money out of solidarity. The company spokeswoman said: “Members of management have a special responsibility for the company and act as role models, which is particularly important in the current situation.”

Volkswagen At the end of December, after long negotiations with the works council, the key points were reached extensive savings program agreed. The personnel costs of the Volkswagen core brand are to be reduced by 20 percent in the administrative area, while dismissals for operational reasons are avoided. Greater savings should be made in material and fixed costs.