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VW Manager Salary Lawsuit to be Appealed

Former VW managers are appealing a court decision that upheld the company's salary cuts, which were part of a cost-cutting program.

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German

Germany

Germany LawsuitAppealSalariesCorporate

VwBraunschweig Labor Court

Ulrich Conrady

Who are the plaintiffs in these lawsuits?: The former managers are mostly employees in pre-retirement who remain on VW's payroll. They converted some salary into time-value securities, allowing them to retire early while continuing to receive payments.
Why did VW reduce the executive salaries?: VW cut the expected salary increase and inflation bonus for its executives as part of a cost-cutting plan. The affected managers claim VW made a promise in 2023 to maintain these payments, which VW denies.
What is the main subject of the legal dispute?: The lawsuit concerns the reduction of salaries for VW managers. Most of the former executives who lost their case in October will appeal the decision.
What is the next step in the legal proceedings?: The appeals will be filed before the December 6th deadline. There are still around 75 more similar lawsuits to be heard.
What was the outcome of the first instance court rulings?: The Braunschweig labor court rejected 23 lawsuits from former VW managers in October. The lawsuits challenged a salary reduction and bonus cuts that VW implemented as part of a cost-cutting program.

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