Network Rail Bonuses
EDM number 310 in 2009-10, proposed by John McDonnell on 01/12/2009.
Categorised under the topics of Employment, Pay and Railways.
That this House notes that Network Rail is funded in the region of £5 billion a year by the taxpayer; further notes that Network Rail has confirmed in its most recent interim results that it will lay off in the region of 1,500 rail maintenance workers and that Chief Executive Iain Coucher has confirmed to the Transport Select Committee that there will be compulsory redundancies; shares the concerns expressed by the unions that these job cuts will increase safety risks and the job losses should be reversed; is appalled that despite the proposed redundancies Network Rail directors continue to receive bonuses of over a million pounds; is concerned that this unfairness is funded by the taxpayer; and therefore calls on Network Rail directors to do the decent thing and at the next Network Rail Board meeting agree to pay back their bonuses with immediate effect.
This motion has been signed by a total of 52 MPs, 1 of these signatures have been withdrawn.
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