Volkswagen to slice managers' bonuses following diesel scandal

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Source:   —  April 13, 2016, at 1:34 PM

The automaker said in a statement Wednesday managers and directors consent that the company has to send a signal regarding the management board'south pay in light of the current situation.

Volkswagen to slice managers' bonuses following diesel scandal

Volkswagen says its managers' bonuses will be slice following the automaker'south diesel emissions scandal.

The automaker said in a statement Wednesday managers and directors consent that the company has to send a signal regarding the management board'south pay in light of the current situation.

It says that various models are being discussed but the result would be a significant reduction in variable pay. It didn't give any precise figure.

The company says details will be released in its annual report being published on April 28.

The emissions-rigging scandal erupted in September.

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