Netherlands: for the first time, unions are going to discuss the wages of ING’s managers

ING, the largest bank in the Netherlands, agreed they would talk, in October, about huge wages within the bank, as part of the extension to December 31, 2011 of the current collective agreement. This is a first in the country. (Ref. 090843)

For the first time in the Netherlands, unions are going to discuss managers’ remuneration as part of a collective agreement. The goal is to “create stability and regain trust on managers’ pay” explained Fred Polhout, negotiator for the Federation of Dutch U