The Local Germany

Scandal-hit VW gives staff €3,950 bonus

Sat, 14 May 2016 17:39:37 +0200

German auto giant Volkswagen announced on Friday that it is giving its staff a €3,950 bonus for 2015, despite suffering huge losses due to an emissions-cheating scandal which sent shockwaves through the industry.

Scandal-hit VW faces national outrage at mega-bonuses

Tue, 12 Apr 2016 16:14:32 +0200

Public debate is raging in Germany this week over whether top executives at Volkswagen should be paid generous bonuses as the carmaker struggles to stem further fallout from its massive engine-rigging scandal.

Workers' wages drop for first time in four years

Thu, 19 Dec 2013 17:20:00 +0100

Workers' wages in real terms have dropped in Germany for the first time in four years, falling by an average of 0.3 percent from the third quarter of 2012 to the same period this year.

German politicians call for fat cat cap

Mon, 04 Mar 2013 10:00:00 +0100

A Swiss vote on Sunday in favour of giving small shareholders the right to cap executives' pay has prompted German politicians to call for a similar law in this country.

Top German execs earning more than ever

Wed, 14 Mar 2012 08:33:00 +0100

Germany’s top business CEOs earned a cool nine percent more in 2011 than the year before, startling new figures on the super-rich revealed Tuesday.

Deutsche Bank's Ackermann says banks to follow G20 on bonuses

Fri, 11 Dec 2009 15:47:00 +0100

Josef Ackermann, the head of Deutsche Bank, said on Friday the German banking sector would adhere to self-regulation on salaries and bonuses similar to G20 recommendations this year.

Merkel calls taxing bankers' bonuses a 'charming' idea

Thu, 10 Dec 2009 17:39:00 +0100

German Chancellor Angela Merkel said on Thursday that plans to tax the bonuses of London bankers was a "very charming idea" but did not say whether Berlin was prepared to heed a Franco-British call to adopt the policy.

Top banker urges pay cuts for 'inflated egos'

Sun, 15 Nov 2009 18:06:00 +0100

One of Germany’s top bankers has blasted senior colleagues around the world with a call to end exorbitant bonuses in the banking industry, business newspaper Handelsblatt reported Sunday.

Berlin supports G20 limits on banker bonuses

Fri, 28 Aug 2009 17:13:00 +0200

Germany Friday threw its weight behind a scheme to limit bonuses for bankers as part of a drive towards greater financial market regulation to be debated at a key Group of 20 meeting next month.

Merkel criticises banks for paying hefty bonuses to executives

Sat, 14 Feb 2009 13:49:00 +0100

German Chancellor Angela Merkel has slammed banks planning to pay out millions of euros to senior executives in end-of-year bonuses, news magazine Der Spiegel reported.