KPL bosses destroy 202 jobs

kplThe administration of KPL Contracts Limited has led to 202 workers being made redundant at the Dungiven based company.

The minimum redundancy packages which workers are entitled to after the banks get their money is insulting, not least because workers at KPL share no blame whatsoever for the administration. It has been reported that KPL was in massive debt due to bosses at the company speculating in the property before the collapse of the market in 2007.

Instead of running a company which 200 families relied on for a living and many others in the Dungiven area benefited from, the directors were only interested in profiteering. Workers have heard enough of politicians in Stormont about recovery of the economy.

Jobs are still being lost and Stormont is doing nothing for workers. Companies which have been destroyed by profiteers, costing jobs, should be taken into public ownership and run democratically by workers representatives, trade union reps and elected representatives. The millions handed over to private multi-nationals in grants every year by Stormont proves the money is there to defend jobs.

Previous Article

500 attend meeting to stop schools merger plans

Next Article

Top 85 richest enough as poorest 3.5billion

Related Posts
Read More

Royal Mail workers fighting back

Royal Mail was privatised in 2013. The initial public offering went for a paltry £1.98 billion for the country’s postal services. This was a bung to the financial speculators by Vince Cable, the then Business Secretary in the Tory-Lib Dem government. On the first day of trading, share prices jumped 38%, making a tidy sum for the financial speculators.