holden seeks worker pay cuts in adelaide , page-3

So more fat cats expecting the real workers to take one for the team?

Here's an article from last month.

http://www.adelaidenow.com.au/business/sa-business-journal/holden-executive-pay-packets-get-heavier/story-e6fredel-1226638109283

"THE pay and perks package awarded to Holden's key executive team has surged in value by almost 30 per cent despite the woes besetting the car maker.

Holden's key management team shared in a remuneration pool totalling $6.8 million for 2012, up from $5.3 million a year earlier, according to company accounts.

The splurge on Holden's top brass came as company - which has sacked 500 workers over the past year - plunged into the red with a $152.8 million loss.

It also comes after the Federal and state governments pledged $275 million in assistance for the car maker last year.

Holden bucks the trend among many of the country's largest companies, such as BHP Billiton, QBE, BlueScope, Harvey Norman and Perpetual, who have reined in executive spending in light of a tougher business climate.

Holden government and corporate affairs director Matt Hobbs said the rise in pay for senior managers followed an expansion of the company's executive team from 12 to 15 members."