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Two Ex-VW Board Members Charged Over Labor Representatives’ Pay
Two Ex-VW Board Members Charged Over Labor Representatives’ Pay
12 Nov 2019, 07:43 PM IST
(Bloomberg) --
Two former Volkswagen AG management board members and two other managers were charged by German prosecutors for paying too much to labor representatives.
The men were charged with breach of trust for overpaying several members of the carmaker’s works council from May 2011 to May 2016, the Braunschweig Prosecutors’ Office said in an emailed statement.
It didn’t identify the men. The alleged crime caused a loss of 5 million euros ($5.5 million), according to the release.
To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net
To contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman
©2019 Bloomberg L.P.
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