General managers in state-held companies earn lower salariesthan the directors subordinated to them - which has been madepossible by the fact that salaries of general managers have beencapped at the level of a state secretary, while those ofsubordinated positions are paid in line with provisions of theCollective Employment Agreement. Officials in the Economy Ministrysay this is an anomaly, with several general managers planning toleave their positions on account of this. On the other hand, headsof state-held companies can also be remunerated at the end of theyear via their mandate contracts, with sums also limited to amaximum of 87,000 RON (around 20,700 euros), i.e. somewhere in theregion of what a multinational head earns per month.
"This situation is found across all state-held companies, notonly in those subordinated to the Ministry of Economy. The limitingof salaries only targeted general managers, but has not affectedthe others. I understand that this is a crisis situation, but aperson's value must be rewarded with money. We already have manymanagers thinking about leaving their jobs for this reason," saysTudor Serban, Secretary of State within the Economy Ministry.
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