Motorola defends bonus payouts

Motorola
has defended the £2.5 million in bonuses paid to five of its executives only weeks
before the company announced the closure of its Scottish factory.

The payouts
to staff at Motorola’s head office in Chicago, which were criticised by union leaders
in the UK, were designed to retain key talent at boardroom level, said the
company.

Christopher
Galvin, the chairman, received a £870,000 bonus on top of his £890,000 salary;
Frederick Tucker and Keith Bane, vice-presidents, were awarded £380,000 each,
while finance chief, Carl Koenemann received £310,000.

A Motorola
spokesman defended the payouts, “These bonuses were paid for the previous year
and none of the executives who received these were responsible for the business
which closed down the Bathgate factory."

www.motorola.com

Karen Higginbottom. Click here to
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