How much will Volkswagen's management pay cuts total?

Volkswagen's management will take pay cuts adding up to over 300 million euros by 2030.

Who will take a larger pay cut at Volkswagen?

Volkswagen's board will take a larger cut proportional to their salary than the rest of management or the workforce.

What agreement did Volkswagen reach with unions?

Volkswagen and unions struck a landmark agreement to cut costs, which includes reducing staffing by 35,000 by 2030.

What are the expected savings from the cost-cutting deal?

The deal is expected to allow savings of 15 billion euros annually in the medium term, including 1.5 billion in labour costs.

What concerns did unions express during negotiations?

Unions expressed that leadership figures should also take pay cuts, blaming poor strategic decisions by management for the carmaker's issues.

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Home > Finance > VW managers to take combined 300-million-euro pay cut, reports local newspaper

Finance

VW managers to take combined 300-million-euro pay cut, reports local newspaper

Published by Global Banking & Finance Review®

Posted on January 24, 2025

1 min read

Last updated: January 27, 2026

Volkswagen managers to face 300 million euro pay cuts amid corporate restructuring - Global Banking & Finance Review — This image illustrates the impact of Volkswagen's decision for managers to take a combined pay cut of 300 million euros, highlighting the company's financial restructuring efforts in the automotive sector.

VW managers to take combined 300-million-euro pay cut, reports local newspaper

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Volkswagen Management to Implement 300 Million Euro Pay Cuts

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