French government seeks pay cuts for CEOs of semi-public firms - paper


  • World
  • Monday, 03 Mar 2014

PARIS (Reuters) - France's government has asked the chief executives of companies in which it owns a minority stake to accept pay cuts of up to 30 percent in upcoming pay rounds as the country tightens its belt, the daily Le Figaro reported on Sunday.

Citing state and company sources, Le Figaro said the Socialist government wanted companies including Air France, carmaker Renault, Safran and GDF Suez to reduce their CEOs' salaries.

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