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Network Rail Announces Profits |
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Friday, 06 June 2008 |
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Network Rail has announced annual pre-tax profit of £1.6bn for 2007/08.and has said staff will receive total bonuses of £55m.
The chief executive of Network Rail has received a bonus of over
£500,000 only weeks after the company was fined a record £14 million
for the Christmas disruption on the railways caused by overrunning
engineering works.
Iain Coucher has been paid an annual bonus of £306,000 plus an
additional bonus of £205,000 under the company’s long-term incentive
plan. With his salary of £585,000, his total pay this year will exceed
£1million despite missing targets for punctuality and financial
efficiency.
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Cable theft costs Network Rail about £10 million a year |
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Wednesday, 23 April 2008 |
Helicopter patrols reducce cable theft costs.
The use of high-visibility patrols and new technology have played a
significant role in helping to reduce delays to rail passengers caused
by cable thefts on the East Coast Main Line.
Network Rail's figures show a reduction in delays on the route from 205,000 minutes in 2006/07 to 151,000 in 2007/08.
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