Volkswagen managers will face pay cuts exceeding €300 million by 2030, as stated by HR board member Gunnar Kilian. The board will incur larger salary reductions compared to other management and workforce. A recent agreement with unions aims to save €15 billion annually, including €1.5 billion in labor costs and a reduction of 35,000 staff by 2030. VW's production capacity in Germany will decrease by 734,000 units due to declining sales, exacerbated by competition from cheaper Chinese models.