Water - No drought for profits
WORKERS, MAY 2007 ISSUE
Further summer droughts are forecast by the water industry regulatory body for London and the South East. Almost at the same time Severn Trent Water announced nearly 600 redundancies.
Severn Trent Water is facing the possibility of huge fines from the regulatory body OFWAT for failures of supply, customer service, repairs etc. Yet over £580 million has been returned to shareholders – almost £1 million for every job lost! Droughts and job cuts, failing water mains and localised floods: the water industry managers and government are grossly incompetent.