It seems wrong to be topping up pensions for retired employees

Money

You can only last a depression for so long.

It seems to be the perfect storm (8 June, page 9).

I have a lot of sympathy for the staff of these firms as it seems wrong to be topping up pensions for retired employees. They should have put more away when times
were good rather than expect the current generation, who will never get a comparable pension, to pay for their lack of prudence or poor fund management.

Government action to prevent below cost tendering for public sector works needs to be brought in - otherwise it will just leave a trail of destruction as the race to the bottom continues. The firms out there know who they are and, for all their big talk over the years about their profits, they should know better.

As a wise man once said, turnover vanity, profit sanity.

Patrick Murdock, via www.building.co.uk

Topics