BAE workers facing job cuts have condemned multi-million-pound bonuses and share awards for company bosses as "immoral".

BAE's three top executives can expect to cash in when their final pay packages for the year to December 2011 are announced.

A £200 million Government tax rebate has boosted shareholders' earnings and is expected to trigger huge bonus pay-outs.

Roy Cartwright is the union's manual convener at BAE's Brough site where the company has announced an end in production, meaning 845 job losses.

He said: "It stinks if there are such big bonuses being handed out. It's on the backs of sites closing and people losing their jobs.

"All they're doing is lining their own pockets. It's immoral."

The pay packages for chief executive Ian King, US chief Linda Hudson and finance director Peter Lynas are not yet known.

Company revenues are set to be down by about £2 billion to £20 billion as a result of a reduction to supply orders to the US Army after it pulled out of Iraq and a delay in an order for Eurofighters to Saudi Arabia.

Against that background, earnings growth for top brass was forecast to be flat.

But the tax rebate, which relates to the company's research and development spending, will boost shareholders' earnings and trigger share awards to the top team.

Hull North MP Diana Johnson said BAE top management were guilty of rewarding themselves for keeping speculators happy in the city.

Mr Cartwright said the money would be better spent helping Brough workers who are facing redundancy.

He said: "The company say they have got this code of ethics, but they've not done anything to look after the people of Brough.

"I don't think they have any intention of helping us. All they're bothered about is looking after major shareholders.

"We always struggled to get pay rises and now we're losing our jobs."

Deputy convener Ian Henery said: "We're still awaiting a proper exit plan.

"The local MPs have all been magnificent, but BAE Systems seem to have washed their hands of us."

As well as the closure of the Brough site, the 3,000 job losses announced by BAE in September are expected to lead to the closure of its Portsmouth dockyard. That could land taxpayers with a £600 million bill because the Ministry of Defence guaranteed BAE work for the next 15 years and must shoulder the expense of any closures.

A BAE spokesman said: "Executive pay is performance-related and aligned to the interests of shareholders. BAE Systems' long-term incentive plan for senior executives covers a three- year period and includes a range of measures such as Total Shareholder Return as well as Earnings Per Share.

"To remain competitive and have a long-term future, BAE Systems needs to reduce the overall costs of its businesses in line with reduced workload at our military aircraft sites. Regretfully, job losses are necessary to ensure we have a cost-effective and efficient business."