Bezeq cuts symbolic 3% off top execs pay
In a letter addressed to those affected, CEO Biran explains tough times call for tough measures
The CEO of Bezeq, Ilan Biran, directed a 3% cut be made in the salaries of the company's top 100 employees three days ago.
In a personal note to the workers Biran said the management "is committed to jointly lead Bezeq to prosperity. The economic crisis, the deep recession and a worsening crisis in the communications sector, call for a general cost cutting effort, including a 3% cut in your pay. The top echelon must lead and set an example."
Bezeq claims the cut will save it more than NIS 1 million.
