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(Left to right) Former FirstGroup chief executive Tim O'Toole, Transport Secretary Chris Grayling and South Western Railway managing director Andy Mellors at Waterloo station in central London
FIRSTGROUP’S disastrous financial results must not be used as an excuse to asset-strip and attack working conditions, unions warned today.
The train and coach operator, which runs the Great Western, South Western and TransPennine rail franchises, as well as the Greyhound bus company in the United States, announced a £326 million loss, prompting the resignation of chief executive Tim O’Toole.
Ominously, finance chief Matthew Gregory said that “all options are on the table,” adding: “Our obligation is to maximise value for shareholders.”
On the eve of the 157th Trades Union Congress, MICK WHELAN, general secretary of Aslef, the train drivers’ union, celebrates victory in his campaign to get dignity for drivers at work
But unions warn renationalisation must not be fudged
Our groundbreaking report reveals how private rail companies are bleeding millions from public coffers through exploitative leasing practices — but we have the solutions, writes Aslef Scottish organiser KEVIN LINDSAY
