Deutsche Bahn – Board of Directors waives bonuses – Economy

Railroad boss Richard Lutz and the rest of the state corporation’s board of directors waive the payment of bonuses for the year 2021. This emerges from a letter from the board of directors to the chairman of the board of monitoring Michael Odenwald, who is at the disposal of the German press agency. Senior executives comply with a request from the Bundestag Budget Committee. The parliamentarians had asked for the exemption in exchange for billions of aid planned for the railroad. There was also such a waiver for 2020. The executives made “substantial and clearly disproportionate savings in terms of staff costs,” said administrators. You want to campaign for a bonus waiver on the boards of several railway subsidiaries. At the same time, the Management Board confirmed that the variable compensation method should be reviewed. The railroad has suffered enormously from the Corona crisis and is now in the midst of a violent dispute with the GDL train drivers union, which hit rail traffic for the second time earlier this week. Thousands of trains have been canceled.

Related Articles

Back to top button