Network Rail has awarded its executives six-figure bonuses despite failing to meet performance targets.
The firm, which replaced Railtrack as Britain's rail infrastructure operator, said chief executive John Armitt would get £112,320 while deputy chief executive Iain Coucher would get £99,840, representing 24 per cent of their basic salaries.
The group's 15,000 staff, other than the executive directors, will receive bonuses of about £600.
The rises were awarded despite NR's failure to meet its target for train punctuality during 2003/4.
It managed to achieve only a seven per cent reduction in delay minutes, against a target of ten per cent, in the year to March 31.
Thursday June 03, 2004
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