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So, there's no money, eh?

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The Shaggy D.A.
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PostPosted: 13:37 - 30 Dec 2017    Post subject: So, there's no money, eh? Reply with quote

I'm being forced to take unpaid leave*, whilst county council chief gets 95k payoff, even though he resigned.

http://www.bbc.co.uk/news/uk-england-northamptonshire-42444853




* which is stupid, since we don't get paid for the first day of sickness either. All that's going to happen is the next time I'm sick, It'll be a 3 dayer, at least.
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Wafer_Thin_Ham
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PostPosted: 13:45 - 30 Dec 2017    Post subject: Re: So, there's no money, eh? Reply with quote

The Shaggy D.A. wrote:
I'm being forced to take unpaid leave*, whilst county council chief gets 95k payoff, even though he resigned.

http://www.bbc.co.uk/news/uk-england-northamptonshire-42444853




* which is stupid, since we don't get paid for the first day of sickness either. All that's going to happen is the next time I'm sick, It'll be a 3 dayer, at least.


How many sick days are you allowed before it goes any further?

Congratulations you've just found out how many sick days you're having next year. Thumbs Up
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The Shaggy D.A.
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PostPosted: 13:49 - 30 Dec 2017    Post subject: Reply with quote

10 in a rolling 12 month, before occy health get involved Smile
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mpd72
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PostPosted: 13:57 - 30 Dec 2017    Post subject: Reply with quote

Full pay for 3 months, then half pay for another 3 months and an attitude from the staff that sick leave is an entitlement, goes a long way to explain the problem with finances at most councils.

This is not a good enough wheeze for some apparently...

Quote:
sick pay has been changed: first 4 days no pay and max 3mths full pay then goes to half pay. This is unfair in regards to people who have longtime illnesses and have been a long time in service.


I wonder how much full pay sick leave this council employee thinks is fair?

https://www.glassdoor.co.uk/Benefits/Northamptonshire-County-Council-Sick-Pay-UK-BNFT72_E528389_N2.htm
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Jewlio Rides Again LLB
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PostPosted: 14:10 - 30 Dec 2017    Post subject: Reply with quote

If someone falls sick, do their bills stop?
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Rogerborg
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PostPosted: 15:06 - 30 Dec 2017    Post subject: Reply with quote

Corrvpt scvm, etc.

What genius came up with that punishment for honesty? Presumably they got a bonus for all the money "saved" from it.

Don't forget that you can change holidays to sick leave if you're "taken ill" while you're off. No "fit note" until you're "sick" for 7 days in a row. Idea

Oh, and you still accrue holidays while off sick. Whistle
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Suntan Sid
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PostPosted: 14:35 - 01 Jan 2018    Post subject: Reply with quote

Quote:
Dr Blantern had held his position at the council for 10 years before leaving the Conservative-controlled authority on 13 October.


Quote:
Bob Scott, leader of the opposition Labour group, said: "We were initially told there was no pay-off, so we're not happy.


Fuckin' lefties at it again, oh, hang on. Rolling Eyes

Does not fit agenda!
Move on, nothing to see here!
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mpd72
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PostPosted: 14:52 - 01 Jan 2018    Post subject: Reply with quote

Suntan Sid wrote:
Quote:
Dr Blantern had held his position at the council for 10 years before leaving the Conservative-controlled authority on 13 October.


Quote:
Bob Scott, leader of the opposition Labour group, said: "We were initially told there was no pay-off, so we're not happy.


Fuckin' lefties at it again, oh, hang on. Rolling Eyes

Does not fit agenda!
Move on, nothing to see here!


Council corruption does not depend on political party, they're all at it.
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Itchy
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PostPosted: 18:42 - 14 Jan 2018    Post subject: Reply with quote

Well Carillion is about to get a government bail out
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Pete.
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PostPosted: 18:47 - 14 Jan 2018    Post subject: Reply with quote

Itchy wrote:
Well Carillion is about to get a government bail out


900 million in the hole...

Huge damage to a lot of dependant subbies if they go under plus they are heavily into infrastructure upkeep. That's a case of damned if you do damned if you don't.
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Suntan Sid
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PostPosted: 19:41 - 14 Jan 2018    Post subject: Reply with quote

Itchy wrote:
Well Carillion is about to get a government bail out


Carillion is about to be bailed out by the taxpayer!
Carillion's plight has been known about for at least a month, why is it only in the headlines now?
Anyway, more public money being wasted as it wends its way into the, seemingly, bottomless pockets of party donors!
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Rogerborg
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PostPosted: 21:39 - 14 Jan 2018    Post subject: Reply with quote

Suntan Sid wrote:
Carillion is about to be bailed out by the taxpayer!

Hey, you know how nationalised industries are bad because when your job is guaranteed regardless of how inefficient you are... hmmm.
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Suntan Sid
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PostPosted: 23:53 - 14 Jan 2018    Post subject: Reply with quote

Rogerborg wrote:
Hey, you know how nationalised industries are bad because when your job is guaranteed regardless of how inefficient you are... hmmm.


Nationalised industries, you say, hmmm I remember them. Thinking
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Itchy
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PostPosted: 00:17 - 15 Jan 2018    Post subject: Reply with quote

Rogerborg wrote:

Hey, you know how nationalised industries are bad because when your job is guaranteed regardless of how inefficient you are... hmmm.



That's why the nationalised but run as a private corporation is pretty effective. Companies are run like for profit companies, but the state owns all of the shares in the company.

Thus the nationalised industry effect - go in at 9.55 then have a cup of tea till 10.55 etc can't happen.
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M.C
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PostPosted: 03:12 - 15 Jan 2018    Post subject: Reply with quote

Itchy wrote:
Well Carillion is about to get a government bail out

Apparently not? https://news.sky.com/story/amp/carillion-appeals-to-banks-as-administration-looms-11208333
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Rogerborg
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PostPosted: 09:01 - 15 Jan 2018    Post subject: Reply with quote

Aaaaand liquidation. I am genuinely surprised, considering that gov.uk is (not) discussing how many tens of billions to give to Brussels in return for nothing.

Do they mean liquidation or just administration? Hard to tell, I do not think that word means what they think that it, etc.

"However, the government will provide funding to maintain the public services run by Carillion."

Funding to whom? It's being liquidated. I do not think...

Very confusing. I expect Tata or some China-China-China firm will be ready and willing to step in and scoop the profits.
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Itchy
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PostPosted: 15:34 - 15 Jan 2018    Post subject: Reply with quote

Rogerborg wrote:


Very confusing. I expect Tata or some China-China-China firm will be ready and willing to step in and scoop the profits.



I'm sure Norinco will happily oblige... in exchange for several treaty ports and the free flow of Fentanyl.
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jjdugen
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PostPosted: 18:07 - 15 Jan 2018    Post subject: Reply with quote

Hmmm.... Probably time for a diversionary terrorist attack......
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Kawasaki Jimbo
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PostPosted: 20:02 - 15 Jan 2018    Post subject: Reply with quote

Rogerborg wrote:
"However, the government will provide funding to maintain the public services run by Carillion."

Funding to whom? It's being liquidated.


Apparently Carillion sub-contracted out a lot of work to other firms, so there was talk of keeping those companies on the job.
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Rogerborg
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PostPosted: 22:58 - 15 Jan 2018    Post subject: Reply with quote

Kawasaki Jimbo wrote:
Apparently Carillion sub-contracted out a lot of work to other firms, so there was talk of keeping those companies on the job.

How? Snappy fingers, contracts appear, money flows?

If it can be done overnight now, why does it take months or years to tender out bids normally?

Oh, the swill that will flow.
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Itchy
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PostPosted: 23:24 - 15 Jan 2018    Post subject: Reply with quote

Kawasaki Jimbo wrote:
Apparently Carillion sub-contracted out a lot of work to other firms, so there was talk of keeping those companies on the job.



The problem is Carillion had 120+ day credit terms with many of the subcontractors. So their subcontractors may not even survive this.

I've seen it 2-3 times a massive cascade effect when one big company in an area goes bust. Companies that work with them go bust too and their suppliers go bust too.
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Pete.
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PostPosted: 00:49 - 16 Jan 2018    Post subject: Reply with quote

Itchy wrote:
Kawasaki Jimbo wrote:
Apparently Carillion sub-contracted out a lot of work to other firms, so there was talk of keeping those companies on the job.



The problem is Carillion had 120+ day credit terms with many of the subcontractors. So their subcontractors may not even survive this.

I've seen it 2-3 times a massive cascade effect when one big company in an area goes bust. Companies that work with them go bust too and their suppliers go bust too.


That is a HUGE problem. I know someone who works for a subbie which has been left 200k in the hole by this. Sounds implausible but if you have 120 day terms and partaking in several large independent contracts it's could easily be much much more.
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Rogerborg
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PostPosted: 09:39 - 16 Jan 2018    Post subject: Reply with quote

It's notionally a good thing that Carillion has been allowed to fail, except that nobody who was involved in running it into the ground will suffer for it. Moral hazard writ large.

If I were moderator.uk, I'd law a law that company directors go to the back of the queue for monies owed. It's unfathomable why the former CEO of Carillion is still getting paid until October.

The chaps for whom I used to work phoenixed a company 4 times (then I lost count), and walked away each time flush with borrowed-stolen money while the staff and suppliers got screwed. One of them is is listed as a director of 21 companies, most of them dissolved or insolvent shells or faux ethno-chaaaridies. Corrvpt scvm ain't the half of it.
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craigT19
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PostPosted: 10:57 - 16 Jan 2018    Post subject: Reply with quote

"Luckily" a few months ago the directors managed to change the wording in their contracts, making it almost impossible for them to loose their sizable bonuses for anything as trivial as corporate negligence.
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M.C
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PostPosted: 15:02 - 16 Jan 2018    Post subject: Reply with quote

Rogerborg wrote:
If I were moderator.uk, I'd law a law that company directors go to the back of the queue for monies owed. It's unfathomable why the former CEO of Carillion is still getting paid until October.

The chaps for whom I used to work phoenixed a company 4 times (then I lost count), and walked away each time flush with borrowed-stolen money while the staff and suppliers got screwed. One of them is is listed as a director of 21 companies, most of them dissolved or insolvent shells or faux ethno-chaaaridies. Corrvpt scvm ain't the half of it.

Now now comrade Tut Tut
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