Deutsche Bahn – Board of Management waives bonuses – Economy


Railway boss Richard Lutz and the other board members of the state company are waiving bonus payments for the year 2021. This emerges from a letter from the board of directors to supervisory board chairman Michael Odenwald, which is available to the German press agency. The top managers are complying with a request from the Bundestag budget committee. The parliamentarians had demanded the waiver in return for planned billions in aid for the railway. There was also such a waiver for 2020. The executives made “a substantial and clearly disproportionate amount of savings in terms of personnel expenses,” emphasized the board members. Accordingly, you want to campaign for a waiver of bonuses on the boards of several railway subsidiaries. At the same time, the Management Board confirmed that the variable remuneration method had to be revised. The railway has suffered massively from the Corona crisis and is now in the middle of a violent dispute with the train drivers’ union GDL, which hit rail traffic for the second time at the beginning of this week. Thousands of trains were canceled.

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