Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Rabobank
- Credit: Source: Wikipedia/Lofor
ABN Amro
banker bonuses
bonus system
CAO staff
Chairman of Directors
Collective Labour Agreement
compensation
cooperative bank
Rabobank
Rinus Minderhoud
salary rise
unions
Utrecht
Wout Dekker
Friday, 20 June 2014 - 15:34
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Bonuses to come back: Rabobank chief

Chairman of Directors Wout Dekker of Rabobank is expecting that banker bonuses will not be gone for long. In the annual meeting in Utrecht yesterday, Dekker said that these bonuses would have to comply with the bank's cooperative long-term goals. Dekker emphasized that this was a personal expectation, and not a concrete plan from the bank. He says he sees Europe and The Netherlands developing in the direction where the re-introduction of the bonus system in banks will make a return. "And you do not have to expect that Rabobank will lead the charge on this, we will probably follow." Dekker's comment comes shortly after it was announced that the bank is scrapping all bonuses for the top and the collective labour agreement personnel. Dekker insists that this relates to short-term bonuses, which he says do not fit with the bank's cooperative model. Interim-Chairman of the Board Rinus Minderhoud announced a 13 percent raise for the steady salaries of senior managers per January of this year to compensate for the srapping of the bonuses, which could run up to 40 percent of the salary. Staff under collective labour agreement haven't received bonuses since last year. Unions were able to compensate for this with a sum varying between 9.5 and 17.5 percent of the salary. ABN Amro announced on Wednesday that it is raising senior management position salaries by 20 percent, in compensation for the scrapping of bonuses. This led to a lot of indignation in Parliament.

Follow us:

Latest stories

  • Dutch man gets 8 years for attacking swimmers with machete at Belgian ice cream shop
  • Haringvliet Bridge closing for 2 months adding an hour to rush hour commutes
  • Dutch Foreign Minister "relieved" Annecy stabbing victim's condition is improving
  • All overnight trains cancelled near Amsterdam; Schedule should resume Saturday morning
  • Utrecht won't allow any new tobacconists ahead of supermarket cigarette sales ban
  • Rotterdam man, 20, arrested after 4th explosion in city in four days

Top stories

  • All overnight trains cancelled near Amsterdam; Schedule should resume Saturday morning
  • Many households see monthly energy bills fall by 14 percent
  • EU asylum deal a "building block" to reduce influx to Netherlands, State Sec. says
  • Extra public transport to beaches this weekend as summer weather hits
  • Dutch child among six stabbed in random attack on playground in Annecy, France
  • Night train to Amsterdam, Hamburg evacuated after fire breaks out in Austria tunnel

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content