The government “maintains its confidence in Philippe Varin,” the former boss of PSA Peugeot Citroen criticized for his hat retired, said late night AFP Economy Minister, Emmanuel Macron.
” The affected today by Philippe Varin retirement is consistent with commitments made by it in 2014 and the provisions passed by the general assembly of PSA in the same year, “says Emmanuelle Macron in a written statement sent to AFP.
The former head of the French automotive group had renounced the end of 2013 to a pension cap of 21 million euros “to which he was entitled before benefit from this new regime lower half”, which was “reviewed and reduced by the action of the government”, said the Minister of Economy. Emmanuelle Macron recalls that since 2012, “the income of executives were capped” in companies where the State is majority shareholder, and reduced “in the order of 30%” where it is a minority.
The bill for the growth and activity, buoyed by the Minister of Economy, “puts an end to the excesses of pensions hats actually conditioning the granting of pensions to the company’s performance and limiting the pace of accumulation of rights to 3% per year, “he adds
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