No job unpaid salary and missing pension: is this recession Britain?
September 7, 2009 by admin
Filed under Career News and Advice
My company is doing the same thing,” the quiet voice at the other end of
the telephone told me. She wouldn’t give me her name. She was too nervous
about losing her job. She was talking about KeTech Group.
By Richard Tyler, Enterprise Edtior
Published: 6:27PM BST 07 Sep 2009
Our
reports over the last seven days have lifted the lid on some
of the nastier corporate practices that somehow become acceptable during a
recession. This caller was one of several worried that they were not being
paid on time or at all by their employer.
Inquiries into Acas, the publicly-funded employment law service, had drawn a
blank, she said. Write a letter setting out how you expect to be paid as per
your contract, seemed to be the advice. An industrial tribunal appeared the
only other course of action.
Staff at Bedford-based KeTech Group, which
now boasts HM’s taxpayers as a significant minority shareholder ,
had been paid late for several months. Even more seriously, many had also
discovered that their pension contributions had been held back as the group
sought to manage its severe cash flow problems.
Thankfully neither The Pensions Regulator, which looks after occupational
pensions, …
Read the original article at Telegraph