Qualified advisers answering your
Financial Questions
call 0800 092 1245

Royal Mail chief executive second highest paid boss in public sector

It has been revealed that Adam Crozier, the chief executive of Royal Mail, was paid almost £1 million last year making him the second highest paid public sector boss. Mr Crozier's £633,000 salary was complemented by a £139,000 bonus, £17,000 in benefits together with a £206,000 cash supplement in place of a pension payment. While the Royal Mail is arguing that Adam Crozier's remuneration was lower than the year before there are still concerns that yet again public sector figures appear to be benefiting at the cost of others.

Even though this week possibly holds the greatest chance of an agreement between the two parties to avert any more strikes there are still concerns about the long-term damage being done to the business and the potential for further redundancies. The stance of the Communication Workers Union appears to have softened over the last few days with many believing the union leaders have realised the potential long-term harm to the business.

However, a resolution in the short to medium term is not guaranteed and if nothing can be agreed this week then we will see further industrial action on Friday and Monday. This would take in around 120,000 Royal Mail workers and literally bring the system to a standstill.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details