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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news