Gozo Channel directors’ wages increase as crew numbers decrease
Increase in Gozo Channel directors’ wages could be seen in ‘bad light’ as without government and Public Obligation Services funding, Gozo Channel would suffer a deficit of €2 million per year.
16 October 2011, 12:00am
Franica Pulis
Franica Pulis
1 min read
Last year, the Gozo Channel’s nine directors reportedly earned €54,146 more than the previous year between them increasing their salary average, Sunday newspaper Illum reports.
According to a Gozo Channel Company Ltd 2010 annual financial report, expenses were almost doubled. Between 2009 and 2010, the Gozo Channel crew of 239 was reduced by seven people leading to a decrease of 6% in administrative expenses.
This reduction in the number of employees increased the company’s intake to over €2 million - before taxes.
This revelation could give a bad impression as the Gozo Channel is partially funded by the government and assistance from Public Obligation Services (PSO) without which the company would suffer a deficit of approximately €2 million a year.
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Hope it won't be long before these pirhanas get what they deserve.
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More 'cejca' for the chosen few of the blue eyed boys.
