Chief executive Ian Carr, finance director Ian Ridgway and human resources director Julie Crabtree were given over half a million pounds to end their contracts.
Jersey Post chairman Mike Liston defended the ‘compromise agreements’ and said the three were among 40% of staff members who had either lost their jobs or suffered pay cuts due to the loss of bulk mail business as a result of the end of LVCR.
Mr Liston said £2 million a year had been removed from the ‘white-collar’ pay bill in the past three years.
