Martin Winterkorn trial comes as company seeks €5bn of cuts amid slowdown
workers in Germany brace for news of big job cuts, expected on Wednesday, the executive accused of overseeing widespread diesel fraud has finally gone on trial.
For health reasons, the case against the 77-year-old Mr Winterkorn did not proceed in 2021 alongside other managers accused of devising the so-called diesel “defeat device”. The case against the other four managers is set to continue into the new year. The state has already settled investor fraud charges against two former senior managers, ex-chief executive Herbert Diess and VW chairman Hans Dieter Pötsch.
Prosecutors also allege US-based VW executives told the then chief executive how they had “screwed” inquisitive US environmental authorities. Less calm are VW workers in its Wolfsburg headquarters and around the country after news the company plans to cancel its job guarantee — introduced in 1994 — for about 110,000 German employees.
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