UK RMT On Hostile Takeover Bid For First Group

UK RMT On Hostile Takeover Bid For First Group
https://www.rmt.org.uk/news/rmt-on-hostile-takeover-bid-for-first-group/

12 April 2018
RMT Press Office:

RMT on hostile takeover bid for First Group by US private equity group Apollo Management

RMT General Secretary Mick Cash said;

"This looks like yet another bunch of speculators and asset strippers homing in on the British transport sector.

"First have been propped up by the Government on the Great Western routes for many years now and are currently in dispute with this trade union over the threat to axe guards on South Western Railway. Where this hostile bid leaves their UK bus and rail operations is anyone's guess.

"The only solution to this kind of uncertainty and instability is public ownership and the threat of a US-based hostile takeover of First Group just reinforces that core message."

Ends