Volkswagen Group executives to cut pay by 300 million euros over five years

Kilian, a member of the Volkswagen Group's board of directors, said that Volkswagen's management plans to cut a total of 300 million euros in salary by 2030. Among them, the salary cuts of board members will be greater. In addition, Volkswagen's management reached an agreement with the union in December last year and decided to lay off 35,000 employees in Germany by 2030.