Tasmanian Power Company Faces Criticism Over Large Payouts
Ross Burridge, operations executive at TasNetworks was given a $712,000 severance payment after his position was made redundant. Chair Roger Gill explained that executive benefits were tied to legacy deals following the Hydro Tasmania split century, which the company was required to honor. Over a three-year overhaul the company reduced the team from eight to five. The year executive Wayne Tucker received a $711,000 severance. TasNetworks confirmed Burridge was the executive under that contract arrangement. The company disbursed $22 million, in entitlements during workforce reduction from 1,250 to 1,100 employees.