Dutch cabinet to cut top state salaries

25th October 2008, Comments 1 comment

The Dutch government plans to cut top management salaries at state companies.

25 October 2008

THE NETHERLANDS - Deputy Prime Minister Wouter Bos said the maximum will be linked to the company's involvement in the public sector. Senior officials of the Royal Dutch Mint and Covra, the firm responsible for storing radioactive waste, will see their salaries limited to those of ministers. Other firms, such as Amsterdam's Schiphol airport, the Bank of Dutch Municipalities and Holland Casino, will get separate maximums. The government expects these salaries to drop by several dozen percentage points though they will be allowed to exceed ministerial incomes.

Radio Netherlands/ Expatica

1 Comment To This Article

  • Jim posted:

    on 27th October 2008, 11:56:47 - Reply

    Finally a stop to the uncontrolled greediness which all tax payers had to suffer from/pay for!

    Performance based "incentives" should be considered including when a manager is clearly doing bad, he or she actually gets punished financially rather than rewarded!!!