The top managers in Norwegian business earned so much last year that LO characterizes it as “perverse”.
The CEO of Orkla, Nils K. Selte, received 25.4 million in salary and other remuneration. Svein Tore Holsether in Yara received 15.2 million. Kjerstin Braathen in DNB received 16 million. And Øyvind Eriksen in the industrial giant Aker received a whopping 34 million.
Eriksen’s 34 million is made up of a basic salary of 19.6 million, bonuses and other things of 14 million, additional benefits of 47,704 kroner, and pension costs of 210,532 kroner. His total increase from 2022 to 2023 was approximately NOK 2.2 million.
– Straight away, I would say that the salary level is perverse, says LO deputy leader Steinar Krogstad to Klassekampen.
With the parties in the front union settlement sitting around the mediation table to argue about what Norwegian workers should get in wage supplements this year as a backdrop, the whole thing is only getting worse.
– Top management salaries increase year by year. There is nothing to indicate that this will end or reach a level where it is said that this is where it should lie. It seems more like if it goes, it goes, says Krogstad.
Last year it ended with a general strike, we will know immediately what happens this year. On Tuesday, there was a breach in the voluntary mediation in the salary settlement. The Ombudsman thus has until Saturday evening to find a solution. Fellesforbundet has announced that if there is a conflict, they will take 14,301 members out on strike.
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