A quote, apparently from BW's staff consultation document, "New Strategy and Structure proposals", which I gather are now in the public domain:
We are consulting on proposals that will result in savings of £8 million a year. Under these
proposals there would be around 100 job losses, with the consequent reduction in payroll costs
(approximately £5 million).
Further savings (figures are approximate) would come through:
• £900,000 through the consolidation of Omnibus and vegetation management contracts
• £750,000 through a reduction in office space
• £500,000 through more use of technological advances, thus reducing administration and
duplication of effort
• £700,000 through changes to the car and business travel policy
We are also looking at other types of savings, which are not part of the consultation with staff, that
would save us a further £1.9m, making total savings of approximately £10 million.
Amazing how figures end up in round terms, isn't it? It's also interesting to note that the job losses will average £50,000 per redundant employee. Nothing about lowering BW directors' salaries. But I suppose they ought to be rewarded for saving money (by sacking people)?