The High Pay Centre, an independent non-party think tank that monitors pay at the top of the income distribution, published calculations that reveal that the top FTSE100 management already earned the average annual salary on Wednesday 4-1 by lunchtime. After just two and a half days the country’s top bosses have made more money than the average worker earns in an entire year. Pay for top company executives returning to work in 2017 passed the UK average salary of £28,200 by around mid-day on what is called ‘Fat Cat Wednesday’. Trade union GMB stated that this is not just a FTSE100 company problem.
English: http://highpaycentre.org/blog/fat-cat-wednesday-2017
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, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.
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