GOVERNMENT MINISTERS ARE looking to crackdown on bonus payments to the top brass of semi-state companies, citing the current economic climate.
The Sunday Business Post reports that the move by ministers comes ahead of meetings of remunerations committees to decide reward packages for 2010 that would normally be paid out by semi-state bodies over the course of the summer.
However, ministers including Pat Rabbitte (Minister for Communications), Leo Varadkar (Transport) and Simon Coveney (Agriculture) have or intend to tell commercial state companies in their portfolios that they would be strongly opposed to hefty rewards, given the state of the economy.
Separately, the Minister for Public Expenditure and Reform Brendan Howlin has urged all departments to exercise restraint across the public sector. But the paper adds that the government is also aware of its legal limitations in obstructing performance payments that may be bound by contract.
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