Workers from some of GKN’s biggest customers joined their colleagues from GKN today (March 1) to call on Theresa May’s government to block Melrose’s debt-fuelled takeover bid of the British-based…Read more…
End debt-fuelled takeover call
GKN workers will be travelling from workplaces across England to the Houses of Parliament on Wednesday (February 28) to lobby MPs and demand Theresa May’s government stops Melrose’s debt-fuelled…Read more…
‘Come clean now’
An inquiry into turnaround specialist Melrose’s predatory takeover of engineering firm GKN has finally been agreed following pressure from Unite. The business, energy and industrial strategy…Read more…
Reject takeover call
The bid for ownership of long-standing British engineering firm GKN will be paid for through hefty debts and damaging restructuring that will make the company unstable and unsustainable, according to…Read more…
New fears for Melrose bid
The national security of the United States could be jeopardised if the takeover of UK defence contractor GKN by investment company Melrose goes ahead, Unite has warned. Unite has written to…Read more…
‘Jackpot payday’
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…
Halt bidding call
Unite called for bidding on a vital Ministry of Defence (MoD) contract to be halted today (January 31), after one of the outsourcing firms competing for the work had £1bn wiped of its share price….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’ bid
An investment firm is still aiming for a “predatory” takeover of engineering company GKN despite having two bids rejected in recent days. In response, Unite held an emergency meeting of GKN…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…
‘In the city’s DNA’
Norwich’s proud historical ties to the UK’s beloved Colman’s Mustard brand – dating back more than 200 years when it was first produced in the outskirts of the city – may be severed after a soft…Read more…
Weetabix takeover
Unite has asked for an urgent meeting with the new American owner of Weetabix to seek assurances about job security. Unite represents more than 110 members, including engineering and technical…Read more…
Stop hostile takeovers plea
A “bargain basement Britain” is no mere exaggeration conjured by fears over what looms on the other side of Brexit. As Unilever boss Paul Polman warned last month, the threat of hostile…Read more…
Stronger rules on takeovers call
Food giant Kraft Heinz abandoned “predatory” plans to buy Unilever on Friday (February 17), a decision that Unite said would come as a “relief for thousands of workers across the UK”. …Read more…