Two NS execs got €500,000 in severance pay last year
Dutch railway company NS paid a total of over half a million euros in severance pay to two senior executives last year, according to the company's annual report published on Tuesday. The report states that NS paid "two managers in key positions" a total of 566,956 euros in severance pay, RTL Nieuws reports.
All that is known about these two executives is that they were not on the board of directors, according to the broadcaster. Exactly who they are, what functions they filled, why they left NS and how the money was divided between them is unclear.
In 2015 there was quite a bit of controversy when it was revealed that NS CEO Timo Huges got 175 thousand euros in severance pay when he had to resign because of his involvement in fraud during procurement for Limburg public transit.
NS' annual report also shows that former director Engelhardt Robbe did not get any severance pay when he left the railway company to work at accountancy and consultancy firm Deloitte last summer.