Bosses at the struggling Ferguson Marine shipyard have been slammed after awarding themselves cash bonuses without Scottish Government approval
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Audit Scotland today issued a damning update on the state of Ferguson Marine and warned it may not have a viable future. "It is unacceptable that performance bonuses were awarded to senior managers at the shipyard, without proper governance for such payments," he said.Boyle added it was also unclear whether Ferguson Marine had a viable future as a business.
Questions have since been raised on why SNP ministers approved the contract being given to Fergusons despite concerns being raised at the time over its suitability. "While the public purse picks up the tab for spiralling costs, senior management are being handed fat cat bonuses with no scrutiny. They added: "We expect the company to provide a strategic business plan to Ministers in due course for comment and agreement.
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