The man in charge of the entire Volkswagen Group receives DKK 72 million in salary per year. Now he wants to force employees to reduce their wages by 10 percent.
Volkswagen's top management has looked better. Also outward to. Among other things, it is million-dollar trips in a time of crisis and sky-high salaries that leave scratches in the paintwork.
And now the man with the ultimate responsibility in the Volkswagen group, director Oliver Blume, wants to force the employees on the floor to pay less. Specifically, the director proposes that the car brand collect 10 percent of the salary.
All to ensure that Volkswagen as a car brand survives at all. ahead of the second round of a series of collective agreement negotiations, more information has come to light.
Information that puts Oliver Blume in an even worse light if possible.
The German car giant, which has 120,000 employees at six different locations in Germany, plans to negotiate a pay cut of around ten percent for factory workers. This would mean a reduction in the annual salary to approximately DKK 27,000 for many employees.
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In comparison, members of Volkswagen's management team earned an average of DKK 46 million last year. The group's managing director, Oliver Blume, himself received a total salary package of DKK 72 million including pension.
The savings round, which is expected to bring Volkswagen four billion euros, is an attempt to meet the economic challenges the company is facing. In addition to the drop in wages, management is also considering closing a number of factories, which could lead to further redundancies.
The concrete details of the savings have not yet been determined, as negotiations with the 120,000 affected employees will only begin at the end of October.
However, according to the local newspaper Wolfsburger Allgemeine Zeitung and the German business media Handelsblatt, wage declines and factory closures are central elements in Volkswagen's savings plan.
Volkswagen has a total of 296,134 employees in Germany, and it is primarily the factory workers who are expected to be affected by the savings.
However, Volkswagen is not the only one in the car industry to go on a diet. At the subcontractor ZF, which i.a. lives by building automatic gearboxes, up to DKK 44 billion must be found in a savings plan. Read more about it here .
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