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Public-sector managers' pay to be cut next week

State-controlled entities Enel, Eni and Finmeccanica exempt

28 March, 16:22
Public-sector managers' pay to be cut next week (ANSA) - Rome, March 28 - The Italian government said Friday that effective April 1, it will cut the salaries of top public-sector managers - with such major exceptions as State-controlled Enel, Eni and Finmeccanica. Salaries will be held at the same level as the president of the supreme Cassation Court, the Treasury announced.

The limits will also not apply to government saving and loan trust Cassa Depositi e Prestiti (CDP), Poste Italiane and State railway Ferrovie dello Stato.

Giovanni Giorgio Tempini, chief executive of CDP takes home 1.035 million euros annually, while Italian railways chief Mauro Moretti gets 873,666 euros a year - levels that have triggered concerns about too wide a gap between the lowest paid and highest paid public servants.

Italian Premier Matteo Renzi said last week that he would cap salaries of public-sector managers, but at that time said the measure used would be the 248,000 euros Italian President Giorgio Napolitano earns.

That triggered some controversy, with Moretti warning that pay caps could force senior civil servants into the private sector.

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