[Acrylic-bob]

Eighteen percent, Hmmm. Assuming that you had the responsibility, where would you begin to cut eighteen percent from the budget of HBC? What jobs and services would you axe or cut back on?

The current budget is somewhere in the region of £16 Million with £4 million in reserves and a net pensions deficit of £47 million and a wages bill of £13 million.

It is interesting to note that the Managing Director of HBC is paid a total of £147,672 pa (which includes employer pension contributions of £27,608.) and his deputy is paid £119,053 (which includes employer pension contributions of £21,896 ).

I wonder if they will be taking an 18% cut, what do you think?