The Glasgow Bus Deal That Made Workers Millionaires | Glasgow News

In the mid-90s, a bold move in Glasgow turned thousands of bus workers into millionaires when Strathclyde Buses sold for £110 million—each of the 3,500 employees walked away with £35,000. Orchestrated by Peter Shaw, the company’s executive chairman, the deal defied rivals like Stagecoach and even included a clever accounting trick: adding uncounted bus fuel to boost profits and seal the sale. Born from Thatcher-era deregulation that sparked chaos and strikes, this was more than a business deal—it was a victory for working-class solidarity. Shaw, a mining veteran, ensured his team not only profited but secured futures, homes, and stability, turning a corporate transaction into a triumph for public transport workers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c444a0ab29d4a8d2