The 5-7 million dollar man

The Engineering Printing and Manufacturing Union have described the record $5 million payment to Telecom’s CEO Paul Reynolds as  “driven by shameless greed and a complete disregard for the network they’ve been entrusted with”.
EPMU national secretary Andrew Little says the news of Reynolds’ payment could not be more insulting to the hundreds of highly skilled lines engineers whose lives are currently being turned upside down by Telecom’s attempt to force a vicious contract on them.
“Right now our members are being made redundant and Telecom is trying to force them into a situation which would see them lose all employment protections and have no guarantee of work or income.”
The NBR reports that Reynolds’ total pay package is more around the $7 million mark.

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