Volkswagen plans to cut management bonuses, with the reductions to come gradually over the next few years

According to multiple media reports, German automaker Volkswagen plans to cut management bonuses for about 4,000 managers in the next two years. Specifically, bonus payments in 2025 and 2026 will be reduced by 10%, and salaries will be reduced by 8%, 6% and 5% in the next three years.