BHS

Retail tycoon Sir Philip Green’s apology to BHS employees is not good enough said shopworkers’ union Usdaw following his appearance at a joint select committee hearing of the business and skills, and work and pensions departments last month.


The union said the collapse of the high street retail chain meant 11,000 workers are “staring down the barrel of a gun and facing unemployment”.


Under the scrutiny of the select committee, Green apologised to BHS staff for his role in the downfall of the company which went into administration on April 15. Last year, he sold BHS to a former racing driver and bankrupt, Dominic Chappell, for £1.

The collapse of BHS also leaves a £571 million black hole in the retailer’s pension scheme affecting 20,000 pensioners.

Usdaw welcomed Green’s commitment to sort this out but said they would wait to see the detail of what he is proposing.

https://www.usdaw.org.uk/About-Us/News/2016/June/BHS-staff-heard-little-today-to-reassure-them-abou

www.parliament.uk/business/committees/committees-a-z/commons-select/work-and-pensions-committee/news-parliament-2015/bhs-pension-fund-joint-evidence5-16-17/

http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/business-innovation-and-skills-committee/bhs/oral/34430.html