VW boss looks to cut Board bonuses

Volkswagen’s embattled CEO is looking to cut the bonuses of his board members following the car maker’s recent emissions scandal.

The proposal follows criticism from one of Volkswagen's major shareholders, the state of Lower Saxony, about intentions to pay bonuses to top managers while the company grapples with the diesel emissions crisis and prepares to cut costs elsewhere.

CEO Matthias Mueller will push for a significant reduction, according to Reuters, with Germany's Bild am Sonntag newspaper reporting that Mueller would ask board members to accept a voluntary bonus reduction of about 30%.

Bonuses for senior managers have become a flashpoint in an escalating dispute with powerful labour leaders at Europe's biggest carmaker as it prepares to finalise a new strategy.