SaS party urges its managers at Košice heating plant to void severance pay

The co-governing Freedom and Solidarity (SaS) party's parliamentary caucus is calling on the party’s nominees who managed the Košice-based TEKO heating plant to cancel the exorbitant severance payments they are to receive, Jozef Kollár, the party’s head of caucus, told the TASR newswire on February 4. "We're hereby expressing our outrage and disapproval of their remuneration for their short managerial tenures," he said, while urging TEKO's former heads, Ján Podhorský and Ivan Zich, to also give up their generous severance payments. Podhorský and Zich have received €100,000 and €90,000, respectively, in severance payments. The former headed TEKO for 40 days while Zich's tenure lasted four months. Speaking on February 3, SaS leader Richard Sulík called such severance payments “plain outrageous”.

The co-governing Freedom and Solidarity (SaS) party's parliamentary caucus is calling on the party’s nominees who managed the Košice-based TEKO heating plant to cancel the exorbitant severance payments they are to receive, Jozef Kollár, the party’s head of caucus, told the TASR newswire on February 4.

"We're hereby expressing our outrage and disapproval of their remuneration for their short managerial tenures," he said, while urging TEKO's former heads, Ján Podhorský and Ivan Zich, to also give up their generous severance payments. Podhorský and Zich have received €100,000 and €90,000, respectively, in severance payments. The former headed TEKO for 40 days while Zich's tenure lasted four months. Speaking on February 3, SaS leader Richard Sulík called such severance payments “plain outrageous”.

The law may have been broken when €90,000 was paid as severance to Ivan Zich (a SaS nominee), said Finance Minister Ivan Mikloš on February 4.

"It's obvious that when somebody receives as much as €90,000 in severance payments after several weeks on the job, he was acting in contravention of the interests of shareholders," Mikloš said.

The minister noted that the Commercial Code makes it clear that members of boards in joint-stock companies are not allowed to prefer their own interests to those of other shareholders. Mikloš also said the exorbitant severance payments in TEKO were made based on contracts closed during the former government.

"The National Property Fund is ready to call on managers in the state companies to sign addendums to the contracts which would allow these excessive severance payments to be scrapped. If they won't do this it will lead to consequences in personnel policies," Mikloš warned.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

10 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

17 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan