Royal Mail's chief executive, Adam Crozier, has been awarded £1.12 million in pay and bonuses as the strike-ridden UK postal service reported a 34.3 per cent fall in profits as a result of increasing pension costs.
Mr Crozier, who was criticised during the recent postal crisis for allegedly failing to attend talks with unions, was paid a basic £633,000 as well as a £469,000 performance-related bonus, some of which has been deferred into a long-term incentive scheme. With £18,000 in benefits, Mr Crozier was rewarded a total £1.12 million.
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