The States control more than 70 per cent of the shares in the company, which last week warned staff that jobs were at risk. It is thought that the company plans to privatise one of its departments.
But now the Island’s biggest trade union has urged the Chief Minister to officially intervene to ensure fair treatment for its members, who face redundancy and the prospect of ‘a dismal Christmas’.
The union has protested that there is no justification for the lay-offs as the company increased its profits by 14 per cent to more than £4 million last year.
And the Unite union is angry that the company is privatising some civil engineering functions ‘to maintain shareholder dividend’.
Unite official Nick Corbel said that as the taxpayer controls more than 70 per cent
of the business, it was appropriate that the Chief Minister should intervene.
