Thames Water Rewards Staff with Bonuses While Warning Price Rises
Wednesday, July 1, 2009 9:24Posted in category News
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Britain’s biggest water company—Thames Water, is rewarding thousands of its employees with bonuses of at least £600 while warning customers that they face inflationbusting price rises.
The news of rewarding staff bonus came on the back of a surge in profits at the group, with the figure up by 4% to £435.1 million. Thames Water has told its customers that the company wants to put up prices by as much as 10.6% above inflation next April, arguing that it is necessary to fund an ambitious investment program.
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