VW Managers Face Pay Cuts
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•VW executives face pay cuts as part of restructuring deal
72% Informative
Around 4,000 VW managers will give up bonuses equal to about 10% of their annual income next year and in 2026 .
Unionists are calling for senior leadership, including Chief Executive Officer Oliver Blume , to forgo more than 10% .
Measures are part of a restructuring agreement to slash costs at the namesake VW brand while avoiding factory closures.
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