politics

New City & Guilds owners tripled bosses’ pay amid £22m cost-cutting drive

20 Ocak 2026The Guardian

🤖AI Özeti

The pay for the top six executives at City & Guilds has surged by 240% to £6.2 million since the organization's sale to PeopleCert. This dramatic increase in compensation comes at a time when the company is implementing a £22 million cost-cutting initiative and reducing its workforce in the UK. The situation has sparked controversy amid ongoing discussions about the ethics of executive pay in relation to corporate restructuring.

💡AI Analizi

The substantial rise in executive compensation during a period of cost-cutting raises critical questions about corporate governance and accountability. It highlights a growing disconnect between the financial well-being of top executives and the realities faced by the workforce. Such practices could lead to reputational damage for City & Guilds and may provoke further scrutiny from stakeholders and the public alike.

📚Bağlam ve Tarihsel Perspektif

City & Guilds, a prominent vocational training body, was previously owned by the charity City & Guilds London Institute before being sold to PeopleCert. The sale has been surrounded by controversy, particularly regarding the management decisions made post-acquisition, including significant layoffs and budget cuts.

This article reflects the views and opinions of the author and The Guardian and does not necessarily represent the views of all stakeholders involved.

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