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Showing posts with label bw board bonuses. Show all posts
Showing posts with label bw board bonuses. Show all posts

Saturday, September 24, 2011

Petition calls for stop on BW directors' bonus payments

A petition asking government to intervene to prevent payment of bonuses to British Waterways Directors — and the money spent on maintenance of the waterways instead — is now online.


The petition says:
No bonuses for British Waterways directors

British Waterways employees were denied a pay rise last year due to 'lack of funds'. This year some staff were awarded a £200 PA rise and were told that there was no more money to offer. 

  • It was recently announced that as there would be a 9 Million Pound deficit at the end of this financial year yet the Directors of British Waterways will be paid lump sum bonuses of up to £15,000 this year. 
  • The Chief Executive (Robin Evans) will get a £15,000 payment on top of his annual wage of £222,000. Other Directors will all receive a £12,500 lump sum payment. 
  • The bonuses equate to one third of the whole pay pot for 0.5% of BW staff compared to two thirds of the pot being shared between 99.5% of the staff.
  • The signatories of this petition believe that the government should intervene and stop these bonus payments and the money should be spent on waterway maintenance instead.