Government-controlled companies will have top salaries capped at the same level as the head of the top court as part of the government’s promise to cut back spending without further hurting the economy. Chief executives at companies, including the Motorway agency ANAS and RAI state television, will see their pay capped at €311,000 a year, when the decree comes into force on 1 April. However, public companies floated on the stock exchange or that raise debt through bonds, will be exempt from the rule, leaving out major groups like oil giant ENI, transport group Finmeccanica and the national post office.
English: http://www.thelocal.it/20140329/italy-to-cap-top-salaries-at-public-companies
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.