Union must explain pounds 6m loss
Union must explain pounds 6m loss
The GMB leader, John Edmonds, is under pressure from members to explain a pounds 6m loss from union funds to a company that was dissolved before paying money due for union land. The union was criticised for borrowing pounds 2.5m from its pension fund, allegedly to make up the shortfall. It said the borrowed pounds 2.5m was part of the package tied up before the company reneged on the pounds 6m payment.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies