Max Watson, chairman of the London Met branch of Unison, the trade union representing support staff at the university, warned of industrial unrest. He said: "Our current management appears to be hell bent on deeply damaging our university's reputation and risk permanently scarring already bad industrial relations with the ideologically-driven privatisation of London Met.
"They aim to gamble millions of public-sector funds on the free market as if they have learnt nothing from the most recent G4S Olympics security fiasco.
"Unison members have made it clear that they are appalled by these proposals, which have no support beyond the vice-chancellor's office. We shall never agree to the wide-scale privatisation of our university and we shall do everything within our means to stop this nightmare becoming reality."