London Transport chiefs decline bonuses

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The Independent Online

London's senior transport bosses have turned down large bonuses, it was revealed today.

Transport Commissioner Peter Hendy has declined a £132,409 award and other Transport for London (TfL) chiefs have waived performance bonuses.

TfL also announced that salaries for senior staff have been frozen for a second successive year and that the number of staff on £100,000 a year has fallen by 8.5%.

However, the number of staff on the cross-London Crossrail project earning more than £100,000 a year has risen from eight to 23.

TfL, which said it was due to publish its annual report for the 12 months ending March 2010 shortly, added that it had made more than £500 million in savings and efficiencies in 2009-10.

London Mayor and TfL chairman Boris Johnson said: "I am grateful to my top team at TfL for their self-restraint in these difficult economic times by deciding to waive their performance awards and freeze pay for a second consecutive year.

"I am also extremely proud of their professional achievements in delivering new trains, new lines, the first cycle superhighways, gearing London up for a wonderful cycle hire scheme and plenty more.

"They have delivered these vital improvements while simultaneously cutting waste and leading the way on pioneering reforms that channel precious taxpayers' money at the frontline services where it is needed most."