The Independent has published the fact that managers got £10 million in bonuses while we got a big fat zero.
Four top managers split a cool million between them with Adam “the Axe” Crozier getting half that. Royal Mail also doubled its payment this year to senior managers’ pension scheme – that’s right a 100% rise, £6 million to the future retirement of Crozier and a handful of his top cronies – our pensions got an extra 1%!
Meanwhile Royal Mail made a £321m profit last year, the biggest in years.
So much for needing to cut costs! That just applies to our jobs, workload, pensions and wages.
Royal Mail and the government still bang on about how we are supposedly 25% overpaid. Funny how they never looked into how overpaid managers are. Like they say you pay the rich more to “incentivise” them but you pay the workers less to get them to work harder – kills two birds with one stone.
2008-09 bonuses
Adam Crozier
Salary £633,000
Bonus £453,000
Alan Cook
Salary £282,000
Bonus £166,000
Ian Duncan
Salary £325,000
Bonus £186,000
Mark Higson
Salary £428,000
Bonus £231,000
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