Sunday, November 25, 2007
Unions unite behind Tata bid
Trade unions have announced their backing for Indian carmaker Tata over rival bidder One Equity in the race to acquire Jaguar and Land Rover from Ford.
The unions have made it clear their preference is for the luxury brands to remain with Ford but in a surprise move backed Tata, despite the possibility that the Indian carmaker could move production abroad.
A statement from Unite, the UK’s largest trade union, said that if a sale must be made, workers felt their best interests would be served by finding a partner with an established presence and background in manufacturing.
DATED: 25.11.07
FEED: MT
The unions have made it clear their preference is for the luxury brands to remain with Ford but in a surprise move backed Tata, despite the possibility that the Indian carmaker could move production abroad.
A statement from Unite, the UK’s largest trade union, said that if a sale must be made, workers felt their best interests would be served by finding a partner with an established presence and background in manufacturing.
DATED: 25.11.07
FEED: MT
