The GMB Trade Union is warning against the potential break up of Thames Water and calling on the Government to stop “this vulture auction'.
The GMB Trade Union is warning against the potential break up of Thames Water and calling on the Government to stop “this vulture auction'.
GMB has responded to Thames Water receiving multiple bids, which could lead to the break-up of what it describes as “the debt-ridden water giant.”
Gary Carter, GMB National Officer, said:
“Any plan to takeover Thames and break it up would be a disaster for consumers and workers.
“These bids won’t stop the leaks nor pollution - they will only line the pockets of those who want to break it up.
“Thames Water needs considered, long term investment to repair its infrastructure, stop the leaks and provide stability; not the plundering of its assets to make a quick buck.
“The Government has to stop this vulture auction and take control of Thames in the interest of the public.”
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