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.