Public anger over major pay raises for Bombardier senior executives is growing despite damage control efforts by the airplane maker.
The company’s president and C-E-O says he’s asked the board of directors to defer paying more than half of last year’s compensation until 2020.
But unions representing workers aren’t satisfied and neither are many Canadians, given the fact that the company has been on the receiving end of millions of tax dollars.
A group of concerned citizens rallied in front of Bombardier’s head office in Montreal Sunday to denounce the current state of affairs and express their anger over high executive salaries.
“This company still survives because of public money, our money,” Philippe Laguë, a citizen, said. “Apologies are not enough. They should resign. The actual board should resign.”
The Parti Québécois for its part announced Saturday that it intends to table a motion Tuesday urging the National Assembly to ask Bombardier executives to forgo their pay increases.
The company has been under fire since it became known last week that compensation to chairman Pierre Beaudoin and five senior executives soared to more than 32-million dollars last year, up from 21-million in 2015.
“I’m embarrassed. I’m embarrassed to admit this is a Quebec company,” Gerrine Doucet, who attended the protest, said.
READ MORE: Bombardier facing union drive in Montreal
Beaudoin announced late Friday that he has asked the board to scale his pay back to 2015 levels.
The company also put out a statement defending its policies concerning how executives are paid.
But Renaud Gagne of Unifor says Beaudoin’s announcement doesn’t mean much because executive pay in 2015 was already too high.
David Chartrand of the International Association of Machinists and Aerospace Workers says Beaudoin’s move is a step in the right direction, but notes the fat pay packages could be seen as
disrespectful to workers since Bombardier is eliminating over 14,000 jobs around the world by the end of next year.