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AmextaFinance > Markets > Stocks > Volkswagen location searched in connection with works council salaries
Stocks

Volkswagen location searched in connection with works council salaries

News Room
Last updated: 2023/09/27 at 5:18 PM
By News Room
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© Reuters. FILE PHOTO: The logo of German carmaker Volkswagen is seen on the wall of a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo

(Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen (ETR:)’s Wolfsburg location, not four Volkswagen locations)

BERLIN (Reuters) – Prosecutors have searched Volkswagen’s Wolfsburg location and four private properties on allegations of excessive salaries for members of the works council, the Braunschweig prosecutor’s office said on Wednesday.

The reason for the raids that took place on Tuesday were salaries for works council members that allegedly violate a ban on preferential treatment in the Works Constitution Act, a spokesperson for the Braunschweig prosecutor’s office said.

VW said it would cooperate with the prosecutors.

News agency dpa first reported the investigation.

(This story has been officially corrected after the prosecutor spokesperson said searches were conducted at four private properties and Volkswagen’s Wolfsburg location, not four Volkswagen locations, in the headline and in paragraph 1)

Read the full article here

News Room September 27, 2023 September 27, 2023
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