Tommy Tainant
Diamond Member
http://www.independent.co.uk/news/u...ing-public-services-end-failure-a8163911.html
So this private company has collapsed leaving over 20000 employees with an uncertain future and a further 23000 contractors are left to whistle for the money they are owed.
Their main business has been working on government contracts.
During the period leading up to the collapse they increased dividend pay outs to shareholders and bonus payments to execs.
They leave a pension scheme that is underfunded by £500m.
Once again we see corporate greed on a grand scale.
Profit is privatised and we are left to pick up the tab when it goes wrong.
So this private company has collapsed leaving over 20000 employees with an uncertain future and a further 23000 contractors are left to whistle for the money they are owed.
Their main business has been working on government contracts.
During the period leading up to the collapse they increased dividend pay outs to shareholders and bonus payments to execs.
They leave a pension scheme that is underfunded by £500m.
Once again we see corporate greed on a grand scale.
Profit is privatised and we are left to pick up the tab when it goes wrong.