Sal Paradise wrote:
This is completely irrelevant in this case. The company laid out their position ...
... which the union did not believe, saying that 'create accounting' was the reason that the company claimed it was losing money when it was not in reality.
Sal Paradise wrote:
... where the profits lay in the group is a complete red herring...
No, it's not. Any more than the use of vertical trading (if I remember the term correctly) is one of the reasons that domestic fuel bills are so high and the companies get to claim they're paying a fortune to wholesalers when they're actually pretty much paying it to themselves.
If the company is using creative accounting to manipulate its finances so that it can claim to be far worse off than it is, in order to shove down pay, pensions, terms & conditions etc, then it is light years away from being a "red herring".
Sal Paradise wrote:
... At the end of the day if employees are not happy working for Ratcliffe no one is stopping them finding another job.
Because it's a stonkingly brill market for someone hunting a job, isn't it? You don't live in "the real world", do you?