Translated material
VEB.RF reduced employee salaries by 20%
VEB.RF State Corporation has decided to cut employee salaries by 20%, Forbes magazine reports, citing two sources who know about this from VEB employees.
According to the publication, the state corporation also limited the amount of payments to board members - now they can receive no more than 50 million rubles a year.
From April 1, the corporation will change the terms of remuneration, and new employment contracts will be signed with employees, an official representative of VEB.RF told Forbes. According to him, salaries will be changed taking into account the "discount" for comparable positions in state-owned banks, and rewards will be tied to the achievement of global KPIs set by the government. The corporation has not yet commented on how much they reduced salaries and how they limited payments to the board.
As of December 31, 2020, 1,370 people worked for VEB.RF, and they were paid 12.8 billion rubles over the year. Excluding payments to the board, the average salary in the corporation in 2020 amounted to 707,730 rubles per month. Payments to 12 members of the board in 2020 amounted to about 1.2 billion rubles, on average, one member of the board received 97.7 million rubles per year.
For the corporation, this will be the third wave of changes, the spokesman added. Since 2018, the group's headcount has been reduced from 10,000 to 1,500 people. The company has completely changed the social package: they abandoned company cars with drivers, optimized hospitality expenses, and revised the volume of insurance and pensions. Now similar processes are starting in development institutions that are subordinate to VEB.