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Mar 28

The business model for Thames Water has failed

  • 28 March 2024

Commenting on reports that Thames Water is scrambling to find extra cash as it handed out millions of pounds to shareholders and bonuses to top bosses in recent years, UNISON head of environment Donna Rowe-Merriman said: “It’s clear the business model for Thames Water has failed and the company is unviable.

“Even Thames Water’s own shareholders refuse to keep it afloat.

“Yet again, staff are facing an uncertain future with jobs at risk and no hope of much-needed investment. Customers will have to contend with poor water quality and rising bills.

“This utter chaos is further evidence the government needs to renationalise Thames Water now.”

Notes to editors:
– UNISON is the UK’s largest union with more than 1.3 million members providing public services in education, local government, the NHS, police service and energy. They are employed in the public, voluntary and private sectors.

Media contacts:
Fatima Ayad M: 07508 080383 E: f.ayad@unison.co.uk
Sophie Goodchild M: 07767 325595 E: s.goodchild@unison.co.uk

The article The business model for Thames Water has failed first appeared on the UNISON National site.

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