Mexican Media Brands
Germany Probes Possible Excess Pay for VW’s Works Council Chief
Prosecutors in Germany confirm they are looking into suspicions that Volkswagen AG has been paying its works counsel chief and supervisory board member Bernd Osterloh too much compensation.
#labor
Share
Prosecutors in Germany confirm they are looking into suspicions that Volkswagen AG has been paying its works counsel chief and supervisory board member Bernd Osterloh too much compensation.
The prosecutor’s office in Braunschweig tells Reuters the probe involves “early suspicion of breach of fiduciary trust.” But it declines to identify the suspects it is investigating.
The works council separately confirms the investigation. It asserts Osterloh is being paid the equivalent of a business unit manager’s salary and would collect “significantly higher” compensation as head of personnel.
RELATED CONTENT
-
Tesla Fires Hundreds of Employees It Considers Sub-Par
Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
On the Management Side: Dealing with Rule Breakers
When an employee breaks the rules, what should his or her boss do about it?It’s an important question because the answer can affect the employee’s future behavior, his department’s morale—even a company’s relationship with a union, if one is involved.Every manager, therefore, should review his disciplinary methods periodically to make sure they are producing the most constructive results.