City Link chiefs took £350,000 in fees prior to collapseRSS Feed

City Link chiefs took £350,000 in fees prior to collapse

14 January 2016

RMT Press Office:

RMT reacts with fury to news City Link chiefs took £350,000 in fees prior to collapse

General Secretary Mick Cash said;

"It's has emerged this morning from accounts filed by Jon Moulton's Better Capital outfit that they extracted a massive £350,000 in "consultancy fees" while City Link was teetering on the brink of collapse in the run up to Christmas 2014. This is a corporate scandal that refuses to go away.

"With the management knowing that City Link was going under they encouraged drivers to work through Christmas Eve in the knowledge they wouldn't get paid while they were busy lining their own pockets. It's another vicious kick in the teeth for the nearly 3000 workers at City Link dumped on the stones.

"Today's news shows again the raw and uncontrolled nature of bandit capitalism in Britain and RMT will continue to fight for a shift in the law that protects workers and punishes bad bosses. "

Ends

Tagged with: city link, better capital, jon moulton
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