Netherlands: Philips wants to spread efficiency premiums

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21 November 2011 à 11h00

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2 minutes

Publication: 21 November 2011 à 11h00

Reading time: 2 minutes

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Publication

21 November 2011 à 11h00

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2 minutes

Publication: 21 November 2011 à 11h00

Reading time: 2 minutes

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lips, wants to bring variable pay from 7 up to 12% of annual earnings for the group’s 14,000 employees in the Netherlands. Unions and the works council are currently discussing the new system. (Ref. 110713)

This policy goes against the general trend in
the Netherlands,
in a context of disapproval of the bonuses paid, notably, to banking and
insurance managers. Philips CEO Frans
van Houten wants variable pay to go from 7 up to 12% of annual earnings for the
group’s 14,000 employees in...

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