They’re owned by private equity firm CVC Capital Partners. It’s just their way of saying they’re gutting the staff to increase profits for shareholders.
In 2006, CVC and Permira were accused by Labour MP Gwyn Prosser in the House of Commons of “greed” and “blatant asset stripping” of The AA “to borrow £500m on the basis of The AA’s assets in order to pay themselves a dividend.”
They’re owned by private equity firm CVC Capital Partners. It’s just their way of saying they’re gutting the staff to increase profits for shareholders.
deleted by creator
PVE will destroy companies wherever it touches eventually. rs3 is like on its 3rd owners right now.