Ministers have been urged to have a serious rethink about the outsourcing of Ministry of Defence (MoD) firefighters in the wake of the Carillion collapse. The call has come from Unite over…Read more…
‘Responsible must be held to account’
Two of Carillion’s former finance chiefs are to be investigated by the UK’s accounting watchdog for their roles in the firm’s spectacular implosion. Unite welcomed the move, but said the sheer…Read more…
The role of pensions in building Community Wealth
Professional Pensions: John Gray says we should think about investing more locally, but there are a number of serious practical investment problems to overcome
As austerity bites and local authorities up and down the country struggle to provide service…Read more…
‘Fractured and flawed’
Carillion’s collapse should have served as a loud and clear warning against the dangers of privatisation, but as Ministry of Defence (MoD) firefighters now face being outsourced, the government has…Read more…
‘Catalogue of failure’
The government was informed of a plan to retrieve more than £360m from Carillion – helping to shield the public purse from the cost of the firm’s collapse and preventing losses to workers’ pensions –…Read more…
Carillion subbies sold out
The government was accused of “selling out” Carillion’s sub-contractors and supply chain, by Unite, following revelations at a joint select committee today (February 27). During the hearing of…Read more…
‘Disappearing’ Carillion pensions
A top level probe into where the pension payments of NHS and other public sector workers, employed by Carillion, have ‘disappeared to’ was called for today (February 22). Unite said mystery…Read more…
‘Job limbo’
The boss at the Royal Liverpool Hospital has refused to meet Unite over the future of maintenance staff now in employment limbo because of the controversial Carillion collapse. Unite said that…Read more…
Prioritise help for workers plea
Nearly 1,000 workers have lost their jobs so far as a result of the Carillion disaster – with more feared to be on the way. A further 101 redundancies announced today (February 8) by the…Read more…
‘Living in a parallel universe’
Carillion’s greedy bosses caused outrage yesterday after shamelessly refusing to return the massive bonuses they received while the company sank. Unite branded their refusal “a slap in the…Read more…
Have LOBOs contributed to the “bankruptcy ” of Tory Council?
This is of relevance to Newham – it has a host of RBS LOBO loans including a 2010 RBS inverse
floater. We have £563 million exposure in Newham to LOBOs. Hat top Debt Resistance press release
“Northamptonshire County Council Joins CAPITA In Crisis
UNISON’s women’s conference opens in Liverpool today
UNISON’s 2018 women’s conference opened today (Friday) at the BT Convention Centre in Liverpool.
The article UNISON’s women’s conference opens in Liverpool today first appeared on the UNISON…Read more…
Halt bidding call
Unite called for bidding on a vital Ministry of Defence (MoD) contract to be halted today (January 31), after one of the outsourcing firms competing for the work had £1bn wiped of its share price….Read more…
Major reforms call
Unite has called for the urgent reform of company and pension laws, after the true scale of the fundamental flaws that allowed Carillion to collapse earlier this month, began to be revealed. …Read more…
Carillion pensions scandal
Carillion’s pensions blackhole is at least £990m, the firm’s former chair of trustees has revealed – nearly twice previously thought. Following the revelation, Unite called for all possible…Read more…
Lessons from the collapse of Carillion
There is a lot to unpick from Carillion’s demise and the lessons to be drawn. Here are some initial observations. The House of Commons Library Briefing, The collapse of Carillion, tells us that “In the eight years from 2009 to 2016, Carillion pai…Read more…
Carillion: ‘National scandal’
Carillion dished out at least £500m to shareholders over the seven years prior to its collapse, even as its pension fund deficit grew to nearly £600m. The analysis of Carillion’s books,…Read more…
Carillion – a growing pension scandal?
The questions keep coming after the collapse of Carillion. Now, what is happening to employees’ pensions?
The article Carillion – a growing pension scandal? first appeared on the UNISON…Read more…
‘Beggars belief’
Failed outsourcing firm Carillion continued making huge pay outs to its shareholders even as the hole in its pension fund grew in the seven years before the company went bust, it has been revealed….Read more…
‘In your corner’
The future may be uncertain for about 20,000 directly employed UK workers of outsourcing firm Carillion after its collapse, but there’s an even bigger question mark hanging over Carillion’s…Read more…