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THE Automobile Association (AA) will sack 300 workers as it struggles to meet interest payments on massive debts.
The jobs will likely be shed from its Basingstoke offices and follow 70 front-line redundancies last year.
In 2005 the AA was taken over by private equity merchants who launched a “smash and grab robbery” of assets, said general union GMB that has seen the quality of service plummet.
GMB regional secretary Paul Maloney said that the takeover “left the AA high and dry with billions of pounds of debt while the private equity owners retired with the cash and left the UK motorist and AA staff to pick up the pieces.”
