GMB has responded to Ministers lining up administrators in case Thames Water collapsed.
The union says Ministers offer immediate guarantees to Thames' thousands of workers and their pension security. Andy Prendergast, GMB National Secretary, said: “Thames Water has been sacrificed on the altar or privatisation.
“It’s sinking without a trace under a deluge of debt, while huge amounts of cash from inflated customer bills have flooded out to directors, shareholders and loan servicing. If you want an advert for why private companies shouldn’t be involved in certain sectors; this is it.
Yet another damning indictment of Thatcher's terrible legacy. “The Government must now intervene to find a watertight solution that protects Thames’ millions of customers and gives immediate guarantees for the thousands of the loyal workers and their pensions.”
