The FBU firefighters’ union is sounding the alarm about AssetCo—the private company that owns all of London’s fire engines.
AssetCo is facing financial problems. Its shares have plunged 50 percent in a week and it has admitted it needs to raise £8 million immediately to stay in business.
The FBU wants guarantees that the firm will not be allowed to secure loans against the fire engines.
This would raise the risk of the fire engines being “repossessed”.
Strikebreaking company AssetCo kept 27 fire engines in a secret location for scabs to use during the recent dispute with the union.
The FBU is calling for fire engine maintenance to be taken back in-house.