Newly-appointed supervisory and board members of state-owned companies will have their monthly salaries halved and capped at Ft 2 million (approximately €7,300) gross from next month, reports hrportal.hu.
The move follows an earlier decision by the Hungarian National Asset Management (MNV) to cut the overall costs of such top-level personnel by half.
At the same time, existing members of such boards were asked to offer the portion of any salaries above the Ft 2 million mark to charity, which they already have, the MNV said.
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