Semi-state chiefs face cut to salaries

THE Government has signalled its intent to cut the lucrative salaries of chief executives of commercial semi-state companies like the ESB and CIÉ, but denied it is acting belatedly on the issue.

Finance Minister Brian Lenihan said he would bring proposals to Cabinet “at an early date” to “review” the pay arrangements for the chief executives.

But the Department of Finance could not provide any further detail last night on when the review might commence or finish.