I.In return for planned aid from the federal government in the Corona crisis at Deutsche Bahn, the board of directors should forego bonuses. This emerges from a decision of the budget committee of the Bundestag, which is available to the German press agency.
According to the resolution, the Management Board of Deutsche Bahn AG will be asked to forego variable remuneration or comparable remuneration components, special payments, profit sharing or other separate remuneration in 2022 for the 2021 financial year. In view of the corona crisis, the group management board had not received any bonuses for the past year.
“That’s right”
The Green budget politician Sven-Christian Kindler told the German Press Agency: “There is no question that the board of directors may not get bonuses in view of the billions in aid. Right in such a way that the Committee on Budgets has clarified that once again. “
The negotiations between the German government and the EU Commission on financial aid worth billions of euros for the railways are on the home straight. Significant progress had been made, the German press agency learned from government circles. The aim is to find an “industry solution” – from which not only Deutsche Bahn but also the competition should benefit.
The focus is on lowering train path prices, for example in rail freight transport, it said. This is now stored in the planned supplementary federal budget for 2021. In return, the planned capital increase by the federal government for Deutsche Bahn should no longer be subject to any competition requirements for the group. The aim is a “modular solution” totaling around five billion euros, as it was called.
Biggest loss in history
The corona crisis also had serious consequences for the federally owned Deutsche Bahn. The group had suffered the biggest loss in its history due to a slump in passenger numbers last year with a bottom line of 5.7 billion euros.
Kindler demanded that the bonus regulations for the rail board would have to be fundamentally revised and reduced for the time after Corona. In general, the federal government must ensure that the board of directors is remunerated with moderation and moderation. It could not be that the variable remuneration, i.e. the bonus payments, had been as high as the fixed salary in the last few years before Corona on the railway board. “Something has basically gotten off track.”
The railway must double the number of passengers by 2030 and expand and improve the quality of the offer. “The board of directors should be measured against this and paid accordingly. The current freeze on bonuses is the ideal opportunity to reform the remuneration regulations for the railway management board. “
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source https://pledgetimes.com/federal-demand-railway-board-members-should-forego-bonuses-for-2021/
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