0
General

Alcatel-Lucent unions call for executive salary cuts

Tuesday 12 June 2012 | 09:01 CET | News
Alcatel-Lucent's French union representatives made a declaration on behalf of the group's European employees at its AGM in which they called for "the re-establishment of a real social dialogue and cuts in managers' salaries", AFP reports. The unions claim that it is unfair to freeze workers' pay when bosses' salaries rose by 36 percent in 2011. Salaries and bonuses paid to top executives rose from EUR 22 million in 2009 to EUR 25 million in 2010 and EUR 30 million in 2011, they said. The chairman of the remuneration committee, Jean-Cyril Spinetta, said that board members' combined salaries, including fixed and variable elements, declined by 6.35 percent to EUR 13.7 million in 2011 from EUR 15.6 million a year earlier. He said variation with the unions' figures result from accounting differences in the estimated value of stock options.

Categories: General
Companies: Alcatel-Lucent
Countries: France
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






67
active virtual mobile brands in NL
Netherlands  |  2014 Q3

Calendar   /   Industry Events

26 Jan Microsoft fiscal Q2
26 Jan Texas Instruments Q4 2014
27 Jan Ericsson Q4 2014
27 Jan Apple fiscal Q1
27 Jan AudioCodes Q4 2014
27 Jan Juniper Networks Q4 2014
27 Jan Zhone Technologies Q4 2014
27 Jan Freescale Semiconductor Q4 2014
27 Jan AT&T Q4 2014
27 Jan Customer Experience Management in Telecoms Global Summit
28 Jan Qualcomm fiscal Q1
28 Jan Fortinet Q4 2014
28 Jan STMicroelectronics Q4 2014
28 Jan Extreme Networks fiscal Q2
28 Jan TE Connectivity Q4 2014
28 Jan Shoretel fiscal Q2
28 Jan TMT Finance & Investment ASIA 2015
28 Jan 4G Mobile Vas India Summit & Expo 2015
29 Jan TeliaSonera Q4 2014
29 Jan NEC fiscal Q3
29 Jan NTT Docomo fiscal Q3
29 Jan Riverbed Technology Q4 2014
29 Jan JDSU Q4 2014
29 Jan LG Electronics Q4 2014
29 Jan Samsung Electronics Q4 2014
29 Jan Alibaba Q4 2014
29 Jan DSP Group Q4 2014
29 Jan PMC-Sierra Q4 2014
29 Jan Lantronix fiscal Q2
29 Jan Harmonic Q4 2014
::: More Calendar Items