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Thursday, June 2, 2011

TNB pay hikes sinful, says DAP

Charles Santiago calls on the government to ensure that GLCs spread their wealth towards the bottom.

PETALING JAYA: DAP today censured Tenaga Nasional Bhd (TNB) for giving its directors hefty pay increases, describing the aggrandisement as “sinful”.

Klang MP Charles Santiago said TNB’s decision to give such dramatic rewards to the bosses was especially contemptible when one considered how little it was paying its general workers.

“This is sinful,” he said. “TNB staff are some of the lowest paid workers in the country. What is Che Khalib Mohamad Noh doing to earn RM1.8 million a year?”

Che Khalib is TNB’s executive director. FMT reported today that his basic annual salary for last year was RM1.2 million, double the amount he got in 2009. TNB’s second executive director, Azwan Mohd, who was appointed in April 2010, received a total remuneration of RM755,320.22, including his basic salary of RM457,440.

These figures are available in the company’s 2010 annual report.

In the same year, TNB kept its minimum wage at RM750 a month, only slightly higher than Pos Malaysia’s RM635.

Santiago, an economist, said government-linked companies (GLCs) tended to be top-heavy and called on the government to cap salaries for the bosses so that wealth could be spread towards the bottom through better wage schemes.

He said this would encourage the GLC staff in their work and relieve the pressure on them to moonlight in second jobs or lean towards corruption in order to survive.

Union gets ultimatum

TNB employees said that it was a challenge getting their company to raise their salaries, even as it was enjoying rising profits.

The president of the TNB Junior Officers Union, Mohd Roszeli Majid, told FMT that the company’s management was adamant on keeping their wages low.

“In the fourth round of collective bargaining yesterday, the management offered us a 6% salary increase,” he said.

The union initially asked for a 25% increase across the board, but brought this down to 10% after several sessions of negotiation.

According to Roszeli, the management yesterday gave the union an ultimatum: take 7.5% or leave it.

TNB staff receive a monthly electricity subsidy of RM78, and Roszeli said the company was merely “considering” an increase from this amount following the recent electricity tariff hike.

According to the annual report, TNB Group in 2010 made RM30,320.1 million in revenues and RM4,182.7 million in operating profits.

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