HS2 finance chief quits over unauthorised redundancy payouts
The man in charge of finances at the company delivering the £56bn HS2 high speed rail network is to resign after the national spending watchdog revealed evidence of unauthorised redundancy payouts worth almost £2m.
Chief Financial Officer, Steve Allen, will leave his role with the company at the end of the financial year.
The payouts were made to staff in London who were unwilling to relocate when the company moved its headquarters to Birmingham.
The Department for Transport had stipulated that redundancy terms should be at... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...