Thames Water Defers Payment of £2.5 Million in Managers’ Bonuses
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Thames Water has deferred payment of almost £2.5 million ($3.4 million) in bonuses to its senior managers this month bowing to pressure not to reward staff while the company is ranked among the worst-polluting suppliers in the UK. Britain’s biggest water and sewage company wrote to the UK Parliament’s Environment, Food and Rural Affairs Committee about the decision to continue a pause on management retention payments, according to a letter published Tuesday. As a result, no bonuses will be awarded in December 2025 and future payments “remain under review.”