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£5m in payouts as colleges meet huge cost of mergers! The HeraldScotland
08/07/2014 00:00£5m in payouts as colleges meet huge cost of mergers!
A CONTROVERSIAL policy to merge Scottish colleges has cost more than £5 million in payoffs to senior managers.
About £4m was spent on compensation and additional pension payments to principals, deputy principals and other senior staff who lost their jobs because of the mergers in 2012/13, with about £1.2m spent the previous year, figures from college accounts show.
The final figure is likely to be much higher because the severance payments refer only to eight mergers, with the details of a further six not currently available in college accounts.
Union leaders attacked the scale of the payouts, saying the money would have been better spent on jobs or creating courses.
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