Friday March 19, 2021
Checkers agree
Railway boss Lutz gets a hefty salary increase
The fixed salary of the Bahn CEO is expected to rise to almost one million euros – due to Corona, however, only a year later than originally planned. There is a dispute in the supervisory board about the bonuses of the 70 board members from the corporate divisions.
Rail boss Richard Lutz and his two board colleagues Ronald Pofalla (network) and Berthold Huber (passenger transport) are to receive ten percent more money from 2023. This is reported by the "Spiegel". As part of his contract extension, Lutz will receive a fixed salary of 990,000 euros instead of the 900,000 euros previously paid. At Huber and Pofalla, the fixed remuneration increases from 650,000 euros to 715,000 euros. According to the report, the Supervisory Board will decide next week with the votes of the employee representatives.
On the other hand, there was a dispute in the supervisory body about the variable remuneration of executives, it said. The background: The seven group board members voluntarily waive the bonuses this year, but not the almost 70 board members from the group divisions. The employee representatives on the supervisory board want to stop the payment of this additional remuneration, as it goes on to say.
In the workforce, the salaries of the top staff cause displeasure, according to the "Spiegel". Due to the high losses caused by the Corona crisis, the railway management and the largest trade union at the railway, the EVG, had agreed that the workforce would only receive 1.5 percent more wages from 2022.
. (tagsToTranslate) Economy (t) Deutsche Bahn (t) Richard Lutz (t) Ronald Pofalla