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CIE deficit would be €45m - Irish Times

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    #32
    Tickityboo
    Registered Users Posts: 454 ✭✭Tickityboo


    bk wrote: »
    In fairness, in this case the CEO's salary is only 3.5 times the average employees

    I really wish people would stop this dividing by the number of employees to come up with the average salary of employees.
    It's misrepresenting the figure for the majority of employees.


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    #33
    johnny76
    Banned (with Prison Access) Posts: 22 ✭johnny76


    A lot of posters seem to want cuts across all wage grades, but the fact is CIE is like an Army, The workers can only do what management tell them to do.
    Stands to reason that if CIE is losing money it is totally the fault of management, but most posters here want to see the staff take a pay cut while the management who make all the decisions get away scott free.
    Bus Éireann chief’s pay cut from €189,000 to €184,000 is about €50 a week after tax, he would not even notice it, but a worker on €40,000 most definitely would.
    People have got to take a step back and look at those in management earning top dollar but year after year, they lead CIE deeper into debt, yet Leo and government do nothing to remove them from there high paying jobs, but rather blame the workers for the CIE group failings

    Facts are CIE as a semi state body is always going to be unprofitable or at best break even as long as we have political appointments to board level and politicians interfering in routes and timetables, never mind the free travel pass fiasco.


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    #34
    dowlingm
    Registered Users Posts: 5,312 ✭✭✭dowlingm


    CIE is burdened with legacy costs and expectations no private sector company need worry about, including retirees from a time when CIE had a larger workforce. Comparisons with the private sector on straight figures is always going to be dicey on that basis. Problem is how to relieve CIE of its legacy burdens without the EU having a canary about State Aid.


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    #35
    markpb
    Registered Users Posts: 9,255 ✭✭✭markpb


    johnny76 wrote: »
    A lot of posters seem to want cuts across all wage grades, but the fact is CIE is like an Army, The workers can only do what management tell them to do.

    An army where every order from the top must be negotiated with a union?


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    #36
    bk
    Moderators, Motoring & Transport Moderators, Technology & Internet Moderators Posts: 22,516 Mod ✭✭✭✭bk


    Tickityboo wrote: »
    I really wish people would stop this dividing by the number of employees to come up with the average salary of employees.
    It's misrepresenting the figure for the majority of employees.

    In this particular case it is a valid comparison as the US CEO to employee pay gap is based on the same figures (i.e. average salary of all employees versus CEO salary).

    Even if you say the average drivers salary is only 40,000, that gives you a ratio 4.5:1 which is still relatively reasonable for a CEO of such a large company.


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    #37
    devnull
    Moderators, Motoring & Transport Moderators Posts: 11,587 Mod ✭✭✭✭devnull


    Tickityboo wrote: »
    I really wish people would stop this dividing by the number of employees to come up with the average salary of employees.
    It's misrepresenting the figure for the majority of employees.

    It's the only factual way to do it using figures which are known to be correct as published in the audited accounts and also is how the average of anything is worked out.

    What is misrepresenting the figure is someone saying "I'm paid this" then using that as a basis since we have no idea if they are telling the truth or not because in general people will talk down their salary anyway when cuts are non the table and point to those higher up.

    Unless the CIE companies publish accounts which break down the salary bill into sections for departments and grades of staff all we are left with is an employee number and a salary total and that is all we can work with since it's information that is known to be correct.

    Anything else is speculation.


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    #38
    dowlingm
    Registered Users Posts: 5,312 ✭✭✭dowlingm


    In Ontario any provincial or municipal employee earning over $100K (75K Euro) has their name and amount published. Most years the overtime keeners in ticket offices and such get their name published and the media goes ballistic, and because it's not indexed inevitably the number of people goes up with each publication.


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    #39
    Grandeeod
    Registered Users Posts: 12,104 ✭✭✭✭Grandeeod


    dowlingm wrote: »
    In Ontario any provincial or municipal employee earning over $100K (75K Euro) has their name and amount published. Most years the overtime keeners in ticket offices and such get their name published and the media goes ballistic, and because it's not indexed inevitably the number of people goes up with each publication.

    Cracking idea! But cant see it floating in Ireland.


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