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VW’s German workers get a 4% cut in bonuses

On the back of their CFO’s comments at the start of the week VW also it will be reducing the 2012

bonus to its German workers by 4%, down to €7,200, despite posting a record year of profits and

sales. This comes on the back of cuts last week to top executive’s bonuses which saw CEO Martin

Winterkorn’s total 2012 pay capped at €14.5 million compared to €17.5 million in 2011.

http://www.reuters.com/article/2013/02/27/volkswagen-pay-idUSL6N0BR6U220130227?feedType=RSS&feedName=cyclicalConsumerGoodsSector&rpc=43