Union ire at Royal Mail boss pay
Figures in the Royal Mail’s latest annual accounts, released on Tuesday, show that Adam Crozier saw his pay rise by 26 pct in the year to 31 March.
Mr Crozier pocketed GBP 999,000 for the 12 months, up from GBP 790,000 in 2005-06.
The Communication Workers Union called for a review, but the Royal Mail said Mr Crozier deserved the increase.
‘Review needed’
In addition to the Royal Mail seeing profits fall by a third for the 2006-07 financial year, it was recently hit by strike action over staff pay and job security.
The reason Adam is paid what he is paid is that he runs a big company, he does a bloody great job and I’m glad we’ve got him
Royal Mail chairman Allan Leighton
The series of strikes ended after the Communication Workers Union (CWU) accepted a pay rise for its members of 5.4 pct from 1 October, and an extra 1.5 pct from next April.
The Royal Mail had initially offered 2.5 pct.
“Postal workers have had to take eight days of strike action this year to get any pay rise at all, while the chief executive receives GBP 1m,” said CWU Deputy General Secretary Dave Ward.
“It’s time to review pay at the top of the business.”
‘Bottom end’
Royal Mail chairman Allan Leighton defended Mr Crozier’s pay.
“The reason Adam is paid what he is paid is that he runs a big company, he does a bloody great job and I’m glad we’ve got him,” said Mr Leighton.
“Getting good people to run this company is very difficult.
“If you compare his package to FTSE 100 chief executives then it’s at the bottom end, not the top end.”
Mr Crozier is additionally in line for a bonus of up to GBP 1.1m, to be paid out next year if the Royal Mail meets certain performance targets.
He took up the top job at the Royal Mail in 2003.
Before that, he led the Football Association.
