Opposition group exposes gap between CEOs’, workers’ pay
May 8, Pozirk. The BelPol association of former law enforcers has exposed the gap between pay of the heads and workers of dozens of companies controlled by the Ministry of Industry.
Belpol (Biełpoł) cited data from the end of 2023, before taxes.
According to the report, the Belarusian Steel Works CEO was paid 18,701.72 rubels ($5,886 at the exchange rate on December 28) per month, while the company’s average pay amounted to 2,388.41 rubels ($752) per month.
Belarusians’ nominal average pay before taxes amounted to 2,271 rubels in December ($715).
The CEO of BiełAZ, the Zodzina-based truck plant, was paid 18,468.76 rubels ($5,812) per month, 7.5 times more than average pay at the company.
The five highest paid CEOs also included the heads of the Biełdruhasčormiet scrap metal recycling plant (15,759.77 rubels), the Minsk Mechanical Plant (15,277.9 rubels) and the Minsk Electric Equipment Plant (14,790.05 rubels).
BelPol pointed out that some of the companies on the list were unprofitable.
It said that the CEOs’ pay included bonuses, allowances and other incentives.
According to the National Statistical Committee (Biełstat), the stockpiles of unsold industrial goods increased by 3.3 percent since January 1 to 9.26 billion rubels ($2.83 billion) on April 1. Inventories rose by 2.3 percent year on year.
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