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

Published 4 hours ago
Source: theguardian.com
New City & Guilds owners tripled bosses’ pay amid £22m cost-cutting drive

Total pay of the qualification body’s top six executives has risen by 240% to £6.2m since charity sold it

The new owners of the vocational training body City & Guilds appear to have more than tripled the pay of its top six executives right at the moment the company is cutting £22m of costs and shrinking its UK workforce.

The large increases to salary and bonuses have emerged during a scandal over the sale of the qualification awards business by its former owner, the UK charity City & Guilds London Institute (CGLI), to the international certification company PeopleCert.

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