Bankers, financiers, lawyers and public relations executives stand to rake in millions as part of a massive payday totalling around £140m if Melrose succeeds in its ‘debt fuelled’ bid for the…Read more…
Block the bid call
Unite has called on the House of Commons business, energy and industrial strategy committee to insist business secretary Greg Clark reviews Melrose’s debt fuelled takeover bid of GKN, which has…Read more…
GKN: a takeover too far
When Theresa May first promised a new industrial strategy for UK manufacturing, she claimed to be following in the footsteps of her political hero Joseph Chamberlain. It’s ironic then that this…Read more…
Stop ‘predatory’ bid call
Unite warned that today’s (February 1) formal hostile takeover bid of GKN by Melrose was ‘debt fuelled’ and marked a return to 1980’s cowboy capitalism. Unite reiterated its call for the…Read more…
Brush Generators jobs slash
Unite today vowed to fight ‘distressing’ jobs losses at Brush Generators in Loughborough, after the firm owned by Melrose announced plans today (February 1) to cut up to 270 jobs and shift production…Read more…
Return of ‘cowboy capitalism’
Unite is redoubling its efforts to fight off a hostile takeover of engineering giant GKN by private equity firm Melrose as the union launched a new campaign page yesterday (January 30) and continues…Read more…
Sales boost bolsters GKN
Engineering giant GKN’s defences were bolstered against a hostile takeover by Melrose yesterday (January 22), after sales forecasts for its electric car parts division were boosted. Unite,…Read more…
‘Predatory’ GKN bid
Unite today (January 12) urged the UK government to block a takeover bid of the engineering firm GKN by Melrose and for ministers to toughen up UK takeover rules so that national and social interests…Read more…
Helicopter production threat
Probing questions need to be asked about the future of UK helicopter production when MPs debate the industry today (January 24). Unite has been pressing MPs on the industry’s future, following…Read more…
‘Wholesale betrayal’
More than 200 jobs are under threat at aircraft frame manufacturer GKN, after the company announced yesterday (November 17) that it will close a plant in Yeovil, Somerset. Unite slammed the…Read more…
Kept in the dark
The top management proposing 221 job losses at the Yeovil GKN plant, which makes airframes for helicopters, was accused of ‘supercilious behaviour’ in its treatment of the workforce. Unite…Read more…