Volkswagen location searched in connection with works council salaries

Reuters

Published Sep 27, 2023 12:56

Updated Sep 27, 2023 15:15

(Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen (ETR:VOWG_p)'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.