News

UNI Post and Logistics UK affiliates have slammed Royal Mail for paying a bonus of £2million to it's Chief Executive, Adam Crozier. Billy Hayes, CWU General Secretary, said: "Royal Mail has just claimed that it is in financial crisis, that employees are overpaid and is trying to reduce the pension benefits of its staff. At the same time as this, executive pay is completely out of control.

"This is an outrageous use of public money at a time when post offices and other Royal Mail offices are closing and postal services are being cut back. Adam Crozier is again being rewarded for managing decline instead of improvement in the company. This is a massive insult to Royal Mail employees and the public."

Paul Reuterof Unite, UNI's other UK Post & Logistics affiliate, said: "This is immoral. They are rewarding themselves fantastically for failure."



The performance-related payment is on top of Adam Crozier's annual remuneration, excluding incentive plans and pension contributions, of over £1million.