Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Port Boss’s Bonus ‘Obscene’ Says Union

Media Release Rail & Maritime Transport Union 30 November 2012

Port Boss’s Bonus ‘Obscene’ Says Union

The Rail and Maritime Transport Union (RMTU) condemns the doubling of Lyttelton Port Company CEO Peter Davies pay for the 2011-12 financial year.

‘The same day that we hear that the income gap between rich and poor has grown yet again, we hear that LPC’s CEO gets a $600,000 dollar bonus,’ said Libi Carr, Lyttelton Port Branch Secretary of the RMTU.

‘Whilst we have no objection to people being well paid, we question the propriety and wisdom of shovelling this amount of cash in one man’s bank account,’ she said.

‘Although LPC Chairman Rodger Fisher says the port has made a 40% increase in profitability despite being impacted by the earthquake, he failed to mention the role of rank and file port workers in achieving that,’ she said.

‘Our members have kept this port running in difficult and dangerous conditions over the past couple of years, and it borders on the obscene that one man is singled out and rewarded in this manner,’ said Libi Carr.

‘It’s laughable that Mr Davie says it’s “not his issue to talk about”, our members would very much like him to front up to them and explain why he deserves to get more in one year’s bonus than many of them would earn in a decade,’ she said.

ENDS For more information contact:


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news