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View Full Version : Expat salaries contribute to high electricity costs



NewsWhore
09-11-2012, 05:40 PM
According to Hoy newspaper, the Public Electricity Corporation (CDEEE) is having a tough time paying its bills as it spends more than it receives. The report says that the CDEEE, and the three power distribution companies under it, pay out enormous salaries and benefits to their top executives and foreign workers.

Recently, for example, 19 high-level employees of the CDEEE, including former executive vice president, Celso Marranzini Perez, were paid RD$24,840,005 in bonuses.

Edesur has 16 executives and expatriate technical staff who receive between them RD$9,734,848 pesos each month. Thirteen of the expatriate workers arrived at the end of 2010 and three at the beginning of 2011. As well as salaries, the elite group also receives a housing allowance, an education allowance for their children, return airfares twice a year for themselves and their dependents to their home country, medical and life insurance, and a vehicle.

The monthly pay and benefit package for the general manager of Edesur, Gerardo Marcelo Rogelio Silva, is thus more than a million pesos.

Four of the above group receive more than US$16,000 in monthly wages, two more than US$17,000, two almost US$15,000, two US$13,000, one US$11,000 and two US$7,000.

In the first six months of this year, Edenorte paid RD$24.2 million to nine executives and foreign technical staff. This includes salaries, housing allowance, airfares, life insurance, medical insurance and children's education expenses.

www.hoy.com.do/el-pais/2012/9/9/445641/Desastre-de-CDEEE-para-sueldos-de-lujo (http://www.hoy.com.do/el-pais/2012/9/9/445641/Desastre-de-CDEEE-para-sueldos-de-lujo)

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