Monday, 12 October 2015
Gravy Train derailed? New Charter announce 150 redundancies. Will only workers go or will directors join them?
The redundancy issue could be very interesting. The figure of 150 has been given, The reason for the redundancies has been given as a cost cutting exercise to deal with the governments plans to force Social Landlords to reduce their rents by 1%
But according to documents lodged at Companies House New Charter Homes employed an Average of 50 persons in "Housing Management" in 2014, the last year for which figures are available.
Another New Charter company, Gedling faces redundancies. It's workforce is reported as being 63 full time and 30 part time staff.
Overall The whole New Charter Group has 1000 staff..
So we have a dichotomy, They evidently intend to rid themselves of staff who are employed by a company or companies who do NOT provide social housing. So how can they be affected by a 1% reduction in rent?
And while on the subject of redundancies will any of those Labour councillors who are New Charter directors give up their directors pay or positions to secure the jobs of those for whom New Charter provide their livelihood rather than pin-money?