The bosses of a number of companies owned by the Dutch state face salary cuts of up to 45%, acting finance minister Jan Kees de Jager said on Tuesday.

Pay is being cut in the executive ranks at seven out of 14 state-owned firms. The head of the local authorities bank BNG and the national lottery, where starting salaries are high, will see their pay almost halved, De Jager said.
It is not clear from the minister’s statement if the new salary scales will apply to current executives or just new hires.
Pay levels at Dutch Rail (NS), the Schiphol airport group and state gambling body Holland Casino will not yet be affected.