Cherie
17-11-2021, 08:42 AM
https://www.standard.co.uk/news/london/tfl-london-transport-crisis-bonuses-b966459.html
Transport for London is offering senior executives more than £12 million a year in bonuses if they help it break even, the Standard can reveal.
In a bid to stem staff departures, bosses have ended a year-long freeze on bonus payments that was introduced soon after the start of the pandemic.
TfL is losing a “tsunami of diverse talent” due to the “double whammy” of uncertainty about the organisation’s future funding and the availability of better-paid jobs elsewhere.
As a result, new bonuses will be offered for the current 2021/22 financial year, TfL’s remuneration committee agreed last week.
PS ....Crossrail delayed yet again so will not open in early 2022 ...
Transport for London is offering senior executives more than £12 million a year in bonuses if they help it break even, the Standard can reveal.
In a bid to stem staff departures, bosses have ended a year-long freeze on bonus payments that was introduced soon after the start of the pandemic.
TfL is losing a “tsunami of diverse talent” due to the “double whammy” of uncertainty about the organisation’s future funding and the availability of better-paid jobs elsewhere.
As a result, new bonuses will be offered for the current 2021/22 financial year, TfL’s remuneration committee agreed last week.
PS ....Crossrail delayed yet again so will not open in early 2022 ...