Small logo for Scotland's largest council isn't it?
The Labour run Glasgow City Council has agreed to pay £13 million to 102 chiefs who have volunteered to retire early. A third of the most senior staff, who earn between £47,292 and £132,013 have applied to leave early and are to receive up to 30 weeks salary, depending on their length of service. As well as the payoff, they will receive up to an extra six and two-thirds years' worth of pension on their final salary pension schemes.
The council decided to fund the deal from property ales but the recession depressed the market. An arms-length company, City Property, was formed and borrowed the money from Barclays. It will pay back the funds over the next three years by selling property in the hope that prices recover.
Councillor Paul Rooney (Labour) said: "The Scottish government's budget will lead to unprecedented and brutal cuts right across the public sector but particularly in local government. We simply cannot sustain the number of staff we have".
Firstly, the SNP government must make it clear the cuts are the fault of the last Westminster Labour government. Secondly, why did Glasgow City Council have so many staff in the first place if they can afford to lose them at such a cost?