Carillion 'trampled over rights of pension scheme members' says leading MP

A joint hearing of the Commons Business, Energy and Industrial Strategy Committee and the Work and Pensions Committee will examine events leading up to the business failure which has led to the loss of more than 800 jobs.
Ahead of the session, Work and Pensions Committee chairman Frank Field said: "It is clear that the directors of this company trampled over the rights of their tens of thousands of pension scheme members.
"Their main focus was paying out fat dividends and bonuses that exceeded their cash flow, all the while stiffing their suppliers, borrowing mega sums of money,... read more

 
6 February 2018 in Regional North West , Views: 20
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