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A repository for reports, opinions and bits of writing on labour, trade union and other issues by a union activist and retired social worker.
Showing posts with label Bonuses. Show all posts
Showing posts with label Bonuses. Show all posts

Friday, 25 February 2011

Brain hurts: £900m bankers’ bonus ‘fair’ while £5k cut for police staff ‘good deal'

Justifying £900m in bonuses, the RBS’s Stephen Hester told the BBC yesterday that, “Along with my staff, I want to be treated fairly”. Well, Stephen, so do thousands of police staff in Scotland who are facing up to a £5,000 a year cut in wages which is described by the employers as a ‘good deal’.

Another of those ‘my brain hurts moments’ isn’t it? In order for the country to recover, one of the banks who created the mess while earning huge bucks have to get more bucks as a reward for losing £1.13billion. That is, apparently, being treated ‘fairly’. http://www.bbc.co.uk/news/business-12571381 

On the other hand, the people who suffered from the mess and who deliver essential and efficient police services, are facing a cut of £5,000 on a wage of £25,000. That, according to the Convention of Scottish Local Authorities, is ‘a good deal’. http://www.heraldscotland.com/news/politics/plans-to-slash-pay-of-civilian-staff-are-attacked-1.1087172