Thursday, 12 March 2020

Konect's Annual Loss

This week's Bus & Coach Buyer contains a report on Go-Ahead owned Konectbus regarding a call from the Unite trade union to enter into meaningful negotiations on working conditions.

The article continues that Konect's parent made £75.1 million last year although it says 'Konectbus currently runs at an annual loss of in excess of £500k. This loss is absorbed by the Go-Ahead Group, which has continued to invest in our business and its people in order to secure a long term future for Konectbus'

Go-Ahead continues to work with the Unite union to secure a voluntary recognition agreement.

Roy

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