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Finance Ministry Proposes Cuts in Managers' Pays in State Companies
Thursday 04 November 2010 Zoom in | Print page
Bratislava, October 4 (TASR) - Austerity measures introduced by the Government on Thursday should also lead to cuts in managerial salaries in state-owned companies, says the 'Proposal on measures to increase effectiveness of the public sector and improve the state of public finances', a document drafted by the Finance Ministry.
"The rules on remuneration for managers shouldn't be set out for 2011 only, but rather address this sphere over the long-term, and in a systematic way. Seeing as austerity measures are affecting regular employees in the public sector and also public officials, it's only right to expect managers to contribute to the improvement of public finances, too," says the material.
Also, the Government should reconsider the involvement of the public sector in individual companies and, subsequently, determine which firms are to be privatised. According to the Finance Ministry, having a state share in many companies is not called for.
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