Friday 2 February 2018 / 10:50 AM Business / Rebecca Long Bailey

Rebecca Long-Bailey commenting on formal takeover offer by Melrose of GKN

Rebecca Long-Bailey MP, Labour’s Shadow Business Secretary, commenting on the formal takeover offer by Melrose of GKN, said:

“There are many serious concerns raised by this deal and its impact on not only GKN’s future and the job security of its workforce but also our broader industrial and defence capabilities. The business model of Melrose is to dismantle a company and sell the parts off. Something confirmed in their formal offer document yesterday.

We do not want takeovers which risk weakening our industrial base and strategy, losing a skilled workforce, and diminishing our national defence capabilities.”