Waterstones paying millions to US ‘vulture fund’ owners while denying staff living wage — Corporate Watch

Waterstones staff are demanding to be paid the living wage. Management say the company can’t afford it but an investigation by Corporate Watch has found: Waterstones’ new owner – US hedge fund Elliot Advisors – has set up an offshore financing scheme that could see it make £17 million a year from the bookseller. Managing…

via Waterstones paying millions to US ‘vulture fund’ owners while denying staff living wage — Corporate Watch

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