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HS2 redundancy pay 'shocking waste' of taxpayer cash

HS2 redundancy pay 'shocking waste' of taxpayer cash

Business
Unauthorised redundancy payments made by the state-owned company managing the HS2 rail project were a "shocking waste of taxpayers' money", MPs have said.The Public Accounts Committee said the firm overseeing construction of a high-speed rail line offered staff terms "well in excess" of authorised levels.The MPs blamed "weak internal processes" at HS2 for overpayments to 94 people totalling £1.76m.An HS2 spokesperson acknowledged "a serious error" had been made.The company made the payments in 2016-17 after shedding 94 staff in a move from London to Birmingham.A combination of compulsory and voluntary redundancy schemes were offered on enhanced terms, resulting in a total bill of £2.76m, despite instructions from the Department of Transport that they should be at statutory rates, which wou
Wilko opens redundancy talks with nearly 4,000 staff

Wilko opens redundancy talks with nearly 4,000 staff

Business
High-street retailer Wilko has begun a redundancy consultation with nearly 4,000 staff members as it reorganises its business.Up to 1,000 senior supervisor roles and a "significant amount" of customer service posts will be created under the plans, the firm said.The chain, whose headquarters is in Worksop, saw pre-tax profits fall 80% to £5.1m, in the year up to 28 January.The GMB trade union is also being consulted over the changes.The firm, which sells homeware and household goods, has more than 400 stores across the UK.'Not positive results'Retail director Anthony Houghton said the changes would help it "stay relevant" to customers.He added like-for-like sales had increased "despite the challenging retail landscape", but said this was "not translating into positive results".Wilko's move