The crisis which has hit the care home company Southern Cross continues
to get worse and worse. Already 3,000 jobs losses have been announced
and today the FT leaked the news that the company intend to "return to
their landlords" 132 of their homes – about 20% of the total holding.
The crisis which has hit the care home company Southern Cross continues to get worse and worse. Already 3,000 jobs losses have been announced and today the FT leaked the news that the company intend to "return to their landlords" 132 of their homes – about 20% of the total holding.
Southern Cross are a major supplier of care-home services with a responsibility for over 31,000 vunerable residents. The firm is owned by a private equity (i.e spiv) firm called Blackstone who have bled the firm dry and now find themselves stuck with an operation from which no further profits can be sucked away. Blackstone bought Southern Cross from their previous owners who have also done very well out of the company. Now the workers and residents are left to pick up the bill.
The government have come out with the usual platitudes about no-one being allowed to suffer but most people believe that they are not to be trusted. We agree – this is a government of the rich, for the rich and they will act accordingly.
Once again privatisation has been proved to be just a rotten scam, pushed through by crooks for crooks. The demand has been made for immediate nationalisation. This should be done now to avoid further worry for those residents and their families and there should be NO compensation for the current owners. They and their lackeys should be thrown off the premises without delay like the vermin they are. Indeed all the various UK private care homes – which just exist to make money out of the elderly and infirm – should be nationalised without delay. This scandal is just another example of the decay of capitalism – that is why we fight for socialism
