Are you sure?

Hungary: PM asks to suspend premiums, bonuses for management of state-owned companies

  Prime Minister Ferenc Gyurcsány on Thursday instructed the National Asset Management Council to pay no premiums or bonuses to the heads of state-owned companies next year as a show of solidarity with employees.


Gyurcsány also asked the council to cut by 10% honoraria for board members and supervisory board members at state-owned companies. The prime minister asked that the council to see that staff numbers at state-owned companies remain unchanged to the furthest extent possible. He also asked the council for a report on how state-owned companies can operate with the smallest possible loss in the face of the global financial crisis.

Hungarian National Asset Management Company (MNV) head Miklós Tátrai said state-owned companies would be assessed in the coming weeks to determine which ones have any problems. In the interest of keeping staff numbers unchanged, a reshuffle of positions is expected as well as participation in the state’s public work program. (MTI)