Home Business NewsBusiness Network Rail CEO waives bonus after Christmas chaos

Network Rail CEO waives bonus after Christmas chaos

30th Dec 14 3:06 pm

Well, if your train journey was disrupted at the weekend, we can’t imagine you’ll be too sorry to hear this.

Network Rail CEO Mark Carne has announced that he will not take his bonus for this year, following the distinctly un-festive travel turmoil that affected thousands of passengers after Christmas.

He could have pocketed a performance-related bonus worth up to 20% of his £675,000 salary.

But he told Sky News: “I’m accountable for the performance of the railway. In my view, the performance over the Christmas and New Year period was not acceptable.

“And I’ve decided I should not take the bonus for this year.”

What went wrong with weekend train travel?

Engineering works overran after Christmas, meaning London King’s Cross had to close completely on Saturday 27 December.

All trains that were due to arrive at and depart from the station were cancelled.

Paddington Station also had to close for a few hours on Saturday.

Finsbury Park Station had to be closed due to over-crowding.

Thousands of people had their travel plans disrupted.

London business news, trends & insights

JD Wetherspoon

Cheers! Wetherspoon announces 200 new pubs, creating 15,000 jobs


City Link 1

Stampede for parcels expected as collapsed delivery firm City Link opens doors


Cameron Clegg Miliband

Christian values, informal truces & human solidarity: Cameron, Miliband and Clegg’s Christmas messages

Leave a Comment


Sign up to our daily news alerts

[ms-form id=1]