Volkswagen to cut managers' bonuses following diesel scandal - WRCBtv.com | Chattanooga News, Weather & Sports

Volkswagen to cut managers' bonuses following diesel scandal

Posted: Updated:

BERLIN (AP) - Volkswagen says its managers' bonuses will be cut following the automaker's diesel emissions scandal.

The automaker said in a statement Wednesday managers and directors agree that the company has to send a signal regarding the management board's pay in light of the current situation.

It says that various models are being discussed but the result would be a significant reduction in variable pay. It didn't give any precise figure.

The company says details will be released in its annual report being published on April 28.

The emissions-rigging scandal erupted in September.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly