From daily The Morning Star in Britain:
£1.7m bonus for rail chiefs
Tuesday 03 July 2012
NR said no executives will receive a bonus this year and no decision had been taken about any future payments.
Any long-term arrangements, covering 2012-15, will be voted on by members at its AGM, it added.
The firm also said a letter had been sent to members from the chairman of the remuneration committee, proposing to increase the base salary of executive directors in line with the outcome of an internal management pay review.
Suggested performance-related payments will be put to the AGM for approval.
TSSA general secretary Manuel Cortes said: “NR is in all but name a public company receiving £4 billion a year in direct subsidy.
“Passengers want to see that money go into producing a better and cheaper railway, not into the wallets of directors who are already handsomely rewarded.”
Bus workers in London were set to strike again on Thursday of this week to demand that bosses award them an Olympic payment: here.