Postal Workers Set for Bonus after Finances Boost
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Postal workers are on course for an Â£800 bonus after the Royal Mail today reported a huge improvement in its finances and more reliable deliveries.
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Â· Unanimous backing for action on public sector pay  Â· Postal workers announce new wave of disruption
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Poorer pensioners will get an extra Â£4 a week from April - or Â£6.10 more for couples - according to figures in the Pre-Budget report.
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With slight salary hikes but reduced bonuses, they each pull in $966,667 in the last fiscal year.
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News Corp  Chairman Rupert Murdoch received a pay raise last fiscal year, boosting his compensation package to $24.3 million, nearly matching the pay of his second in command.
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The Royal Mail's half-yearly figures show an increase in punctual deliveries and profits.
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While details of the new contract are still being worked out, Long is getting a pay raise of about $100,000 a year in an annual salary package totaling $425,000.
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The package is expected to include more than $100 billion in one-time tax rebates for individuals and an opportunity for businesses to rapidly write off their capital investments.
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A postal regulatory commission recommended a 2-cent increase in the cost of mailing a letter Monday and urged the Post Office to introduce a "forever" stamp valid for first-class postage even when rates rise.
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The credit-card company offers a hybrid rewards program for savers.
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Pay awards in construction and transport have prompted fears inflation will rise.
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The Royal Mail is making Â£1million a day and delivering more than nine out of ten first class letters on time. Chief executive Adam Crozier said the group is being &quot;transformed&quot; under a massive modernisation
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Thousands of postal workers in Scotland are due to escalate action in a dispute over pay and modernisation.
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Workers could be offered pay settlements lasting up to three years
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MPs query the ability of Post Office bosses to boost profits after Royal Mail workers back strike action.
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Some companies are reviving travel, with options on destinations, as bonuses for their best workers.
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MPs query the ability of Post Office bosses to boost profits, a day after Royal Mail workers back strike action.