Golden handshake cut to ‘hit average man’

Government plans to cut golden handshakes will hit people hardest who are on average wages (around €30,000), are in their 50s and have worked a long time for the same company, unions said on Monday.

The cabinet wants to set a €75,000 to €100,000 maximum on payouts and has given unions and employers until September 1 to comment on the plans.
René Paas, chairman of the CNV trade union federation, said the plans would not hit extreme high fliers and top earners who would be limited to a year’s salary in compensation for losing their jobs.
‘We are talking here about people on average incomes who have been loyal for years,’ he told Monday’s Financieele Dagblad.

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