The £300m was a repayment but is an indication of the fact that the company is cash rich and if it was facing the problems it claims why didn't it ask the parent company to let it keep the money. After all the parent company didn't need and thqat anmount of money could have paid for a lot of staff development so that come 2010 we'd be in an excellent position.

As regards naming the company, there are obvious reasons for this - most companies would take a dim view of this sort of discussion.

My bin hasn't been emptied for 5 weeks now.

None of the financial evidence given to either the Works Council, Trade Unions or Redundancy Consultative Forums and as I have summarised here would indicate we are in trouble.


Not a case of "can't", I missed it. The simple answer is, outside of senior management, we haven't got the foggiest idea.

LS16_Rhino wrote: Why would a financially stable company axe over a sixth of its workforce if it wasn't for fiscal reasons?


Very much depends. The merger of Ntl and Telewest and subsequent purchases by what is now Virgin media has led to duplication of functions across the board. Naturally these excesses have been trimmed down. Not because there is any financial urgency to do so, but to make sure that there never is.

Agreed. Successful companies frequently look at their structure to make sure they are lean, and able to react quickly.

92% vote to stay on strike.

Lazy, good-for-nothing, money grabbing, do-f**k-alls.

Am I going to get a rebate on my council tax for the reduced refuse collection service? Am I fook.

They’ve had it far too good for far too long and now they’re faced with a wage that is actually proportional to the amount of work they actually do they’re up in arms.

They should just be please that they managed to get away with it for so long.

No urgency maybe but the underlying reason is still one of a financial nature.

The company I work for has just done some divisional restructuring (again) and subsequently axed duplicated positions – financially based decisions.

The reasoning behind all mass redundancies is always based on a financial policy and not, as JohnG, suggests just a good excuse to out trouble causers and ‘bad eggs’.

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Should be able to sack the lot of 'em and take on new staff. There'd be plenty of takers for the jobs.

on now