Director performance bonuses axed as Greencore profit falls €4m to €77m

FOOD group Greencore has axed performance-related bonuses of close to €1.8 million for its top directors.

Its four executive directors were paid €4m in 2007, including €1.8m in bonuses, but the company’s annual report issued yesterday shows that no such payments were made last year.

This significantly slashed the remuneration package of the top executives in what is one of Europe’s leading convenience food producers, with a turnover of €1.3 billion last year.