HC Deb 03 February 1994 vol 236 cc882-3W
Mr. Fatchett

To ask the Secretary of State for the Environment if he will set out(a) by region the proceeds from the sale of the constituent parts of Building Management, (b) the amount of money set aside to cover possible redundancy costs and (c) the total number of redundancies and the cost involved.

Mr. Baldry

[holding answer 31 January 1994]: I refer the hon. Member to the answer given to him by my right

Building Management Scotland Building Management Manchester Building Management South East Building Management South and West
(a)Proceeds from the sale including some phased payments (£ million) 3.5 -11.5 Net 10.4
(b)Agreed limit to the Department's liability for severance costs for those made redundant in the first five years post sale, including staff who did not transfer with the business (£ million) 15.0 26.0 30.0 25.0
(c) (i)Total numbers of redundancies to date 125 139 191 97
(ii)Of these, total number of staff made redundant by the Purchasers 0 0 2 1
(iii)Estimated cost of redundancies to date (£ million) 4.5 4.5 6.0 3.5

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