Tag: UK workforce
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City & Guilds owners triple exec pay amid £22m cost-cutting drive
Overview The City & Guilds Group, owned by new owners, has reportedly increased the pay of its six highest-earning executives by more than threefold, even as the organization implements a £22 million cost-cutting initiative that includes reducing its UK workforce. The timing and scale of these pay adjustments have sparked questions about governance, strategic priorities,…
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City & Guilds owners triple executive pay amid £22m cost-cutting drive
Overview: executive pay vs cost-cutting at City & Guilds New ownership at City & Guilds appears to have substantially increased the remuneration of its six highest-paid executives, even as the vocational training body announces a sustained drive to cut costs by about £22 million and shrink its UK workforce. The contrast between higher executive pay…
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City & Guilds Owners Face Backlash as Executives’ Pay Surges During £22m Cost-Cutting Push
Overview of the Situation In a striking development for the vocational education sector, the new owners of City & Guilds have been accused of tripling the pay of the organisation’s six highest-earning executives just as the body undertakes a substantial cost-cutting program. With reports pointing to a £22 million plan to trim costs and reduce…