Whilst reading the RMT website information on the Southern DOO row - I came across a link which basically implies VTEC is awash with serious financial difficulties.
Anyone got any information on this?
http://www.rmt.org.uk/home/
Anyone got any information on this?
http://www.rmt.org.uk/home/
RMT is deeply concerned at the financial position of the Virgin East Coast franchise and the service is awash with rumours of serious losses mounting up. That position appears to be confirmed in the companys financial returns.
It is important to remember that the private sector have already failed twice on this line and that a highly successful and profitable public operation was kicked out to open the door for Virgin/Stagecoach to take over.
RMT will fight to defend our members jobs and conditions in light of this latest threat and the union is demanding urgent meetings to obtain details on the real financial position.
The East Coast should never have been re-privatised. It was an ideologically driven gamble by this right wing government which RMT always said would come back to haunt them. RMT will continue to fight for public ownership of the railways and an end to the speculation and racketeering of privatisation.