Tomaret
Well-Known Member
As you would expect - he’s the CEO of a large organisation.
RNLI to Furlough 1/3 of its Paid Staff
- Thread starter dom
- Start date
Sybarite
Well-Known Member
In the past I have frequently made reference to the fact that the RNLI was vulnerable to a down turn in the economy given its very high fixed cost structure.
This time they have got a get-out-of-jail card through the government's subsidy.
However Brexit is also still in the offing where it's unlikely that there will be a second bail out.
This time they have got a get-out-of-jail card through the government's subsidy.
However Brexit is also still in the offing where it's unlikely that there will be a second bail out.
Frogmogman
Well-Known Member
Highly ironic that Timpson's have had to furlough their staff. Just proves that not all key workers are key workers
(with apologies to the Now Show)
Old Harry
Well-Known Member
I assumed Timpson was well heeled
Juan Twothree
Well-Known Member
A chap I know works in a locksmiths, but doesn't really enjoy his job.
At the end of each day he makes a bolt for the door.
Frogmogman
Well-Known Member
They're sole traders.
Biggles Wader
Well-Known Member
Is he chubby?
Frogmogman
Well-Known Member
He may hate the job, but it’s a career that can open a lot of doors.
Old Harry
Well-Known Member
Apart from he found himself locked in 2 weeks ago
Frogmogman
Well-Known Member
Oh cobblers !!
Bru
Well-Known Member
It's in the accounts / reports
It is from memory quite a lot less than i would have expected and considerably less than he could earn, with his background and qualifications, in the commercial sector
SaltyC
Well-Known Member
I have not checked in accounts but read it was £160000, so may be scope for some other high rollers to take a haircut as well?
Sybarite
Well-Known Member
That is about right. His equivalent in the French service (a retired admiral, iirc) is an unpaid volunteer.
Bru
Well-Known Member
Yeah, yeah. Bully for him. For Pete's sake don't start that up again, we've done it too death at least a dozen times over
Sybarite
Well-Known Member
I believe you started it.
Bru
Well-Known Member
No, i did not
Sybarite
Well-Known Member
The RNLI's income comes from two principal sources : current donations and inheritance legacies.
In recent years the former has either been static or falling but the situation was saved by large inheritances. Very often the legacies concern properties which the executors must sell off to realize the legacy. However, in the current climate it will be very difficult for executors to realize the hoped for amounts - or any amount at all. This trend has already been noted for last year in council meetings.
Hence the importance of not having high fixed charges.