COVID-19: Loto-Québec, freezes salaries of its officers

Loto-Québec to follow suit. The State-owned company freezes salaries of its officers for its fiscal year 2020-2021, and defers the payment of bonuses performance.

In the beginning of the week, the canadian taxpayers Federation (FCC) had asked the State-owned company to act quickly in order to remove pressure on the government budget full-COVID-19.

It must be said that Hydro-Québec and the Société des alcools du Québec (SAQ) had already decided on the freezing of salaries of its officers and the deferral of the payment of bonuses for executives and non-unionized staff.

Loto-Québec will, however, be a little more far in its measures. The company will extend also to the payment of the variable remuneration linked to the performance of 2019-2020 for the unionized staff eligible for bonuses.

Last year, members of the management team at Loto-Québec had shared $ 5.1 million and employees had collected $ 12.8 million.

Despite the closure of casinos and games rooms, the 5,000 employees at Loto-Québec are still receiving their full salary.

In recent weeks, Loto-Québec has awarded more than 30,000 masks to the ministry of Health and social Services. Despite the cancellation of festivals and public events, the Crown corporation has also maintained its sponsorship. This represents approximately $10 million.

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