Farm Ireland

Tuesday 28 March 2017

Rural TDs hit out at bosses' 'supersonic salaries'

Cormac McQuinn

Cormac McQuinn

Michael Fitzmaurice Photo: Tom Burke
Michael Fitzmaurice Photo: Tom Burke

Rural TDs have hit out at what they described as "astronomical" and "supersonic" executive salaries at the top of the agri-food sector as farmers struggle with falling commodities prices.

Cork South-West TD Independent Michael Collins said it was a "difficult time" for farmers, particularly in the dairy industry. He said: "If people are earning these astronomical amounts of money, obviously it should be released to see the breakdown of what they're making."

Roscommon-Galway Independent Alliance TD Michael Fitzmaurice suggested that if the executives weren't on "supersonic wages" farmers might get paid more for a pint of milk. He said that "in an era where farmers are going to the wall" it was "ironic" to see the kinds of sums being paid by organisations like Ornua.

"I think it [details of executives' pay] should be out there, be it banks or co-ops or whatever sector."

Tipperary TD Mattie McGrath said that some farmers in his area worked "24/7", were "out in all weathers" and had "no income" and that for them, large executive salaries "sticks in the craw".

Galway West's Noel Grealish said farmers suffered in the recession and called on Ornua to publish exactly what the executives were being paid.

Irish Independent