Volkswagen to scrap current bonus system as part of overhaul, Bild newspaper reports

July 2 (Reuters) - Germany's Volkswagen will scrap its current bonus system from 2027 as part of an overhaul of Europe's largest car maker, the Bild newspaper reported on Thursday.

Starting in 2027, the group plans to radically overhaul variable compensation and evaluate managers using a star-rating system as part of a culture shift, Bild reported.

(Writing by Matthias Williams, Editing by Miranda Murray)