UK Royal Mail workers set for pounds 200m bonanza after profits hit new high
Postal workers are to share a pounds 200m windfall after annual profits at the Royal Mail surged to a record high. The state-owned postal group will not publish its full-year results until 17 May. But The Independent on Sunday has learnt that profits will come in at more than pounds 500m, with revenues up between 4 and 5 per cent. That will trigger the payout to postal workers, the biggest in the organisation’s history. All employees who have been with the company for more than a year are eligible for the payout ” likely to be around pounds 1,000 each ” from sorting room to staff to chief executive Adam Crozier. It is understood, however, that chairman Allan Leighton, who took up the role in 2002, has decided to forgo his bonus.
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