Private managers at state-owned companies to be paid some EUR 50,000 per month -
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News » September, 2011 » 13 September 2011

Private managers at state-owned companies to be paid some EUR 50,000 per month
13.09.2011, 21:00 | Economy | 694 views

According to a draft law published on the Senate’s website, the private managers that will be employed by state-owned companies will have monthly incomes equivalent to as much as 45 average gross monthly salaries, ‘Evenimentul Zilei’ informs.

That upper limit is for managers of state-owned companies that have an annual turnover of more than RON 1 bln and more than 10,000 employees. In 2010 Romgaz paid the highest average gross monthly salary in Romania (over RON 5,300). The manager of such a company could win more than RON 240,000 (EUR 56,000) per month. Apart from that, he could also earn a percentage of the company’s net profit, provided the latter is higher than the one established by contract.


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