Redundancies cost Wolverhampton Council £11.5m
Redundancies have cost Wolverhampton City Council a total of £11.5 million pounds in a little over two years, it has been revealed.
But local authority finance chiefs say that the cuts will save them £15.9 million a year on its annual revenue budget from now on.
The pay outs were made on the equivalent of 429 full time jobs lost between the start of April 2012 and the end of last month.
The figures were revealed by Councillor Andrew Johnson who said that most of those went in the last financial year,
And there are many more redundancies in the pipeline with the local authority needing to axe 2,000 jobs over a five year period that started last year.
The average redundancy payout from the council of each lost full time job was £25,840 in 2012/13.
The figure had fallen to £20,749 by this year with the drop probably the result of the involvement of an increasing number of individuals under the age of 55 who are not eligible for statutory pension protection.
