---
title: "The reduction in bonuses for Volkswagen management will lead to a 10% salary cut over the next two years"
description: "According to a report by the Süddeutsche Zeitung, following an agreement between Volkswagen and the union on layoffs and production cuts, a reduction in bonuses for company managers will lead to a 10%"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/223032732.md"
published_at: "2024-12-23T00:37:27.000Z"
---

# The reduction in bonuses for Volkswagen management will lead to a 10% salary cut over the next two years

> According to a report by the Süddeutsche Zeitung, following an agreement between Volkswagen and the union on layoffs and production cuts, a reduction in bonuses for company managers will lead to a 10% salary cut over the next two years. The report states that this salary reduction will apply to the bonus payments in May, resulting in a 10% salary cut for 4,000 managers in 2025 and 2026. In the following three years, their salaries will decrease by 8%, 6%, and 5%, respectively

According to Jinshi Data on December 23, as reported by the Süddeutsche Zeitung, after Volkswagen reached an agreement with the union on layoffs and production cuts, the reduction in bonuses for company managers will lead to a 10% salary cut over the next two years. The report states that this salary reduction will apply to the bonus payments in May, resulting in a 10% salary cut for 4,000 managers in 2025 and 2026. In the following three years, their salaries will decrease by 8%, 6%, and 5%, respectively

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.