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Government Slashes Benefits of SOE CEOs by 30%
The Fair Wages and Salaries Commission is undertaking a comprehensive review of salaries and conditions of service of Chief Executives of State-Owned Enterprises.
According to the Chief Executive of the Fair Wages and Salaries Commission, Ben Arthur, the standards on which the review is based, include a 30% cut in benefits and renegotiation of conditions of service to eliminate inequities.
He said this in an interview on JoyNews AM Show on Monday.
“I must also be sincere to you that the targets as far as the wage basket is concerned are very difficult to meet. Government has gone ahead to even slash some CEOs benefit to 30% but that is not to say, that it entirely addresses the issue.
We are taking the necessary steps to ensure that the right thing would be done specifically for SOEs that have not been done,” he said.