Post by caspday on Sept 14, 2012 8:43:41 GMT 1
Analysts and trade unions have raised concernsJets Jerseys over the zyhaa914 proposed ￡29.8bn merger of BAE Systems and EADS, amid concerns that the transaction faces significant regulatory hurdles and will lead to job cuts in the UK if it is successful.Unite, Britain's largest union, said it would seek an urgent meeting with the business secretary, Vince Cable, and the defence secretary, Philip Hammond, in order to secure guarantees over jobs at BAE, Britain's largest manufacturing employer.
The combined business will employ 48,000 people Authentic Jets Jerseysin the UK, encompassing a range of manufacturing sites from BAE's shipyards in Govan, Scotland, to the Airbus wing facility in Broughton, north Wales. BAE has cut thousands of jobs in the wake of the government's strategic defence review. It is shedding around 2,000 jobs at its aerospace division and is reviewing its shipbuilding arm, which could result in the loss of more than 1,000 employees at BAE's Portsmouth yard. In May it announced plans to close the historic Armstrong factory in Newcastle upon Tyne as part of a further 620 jobs at its UK business.
Ian Waddell, Unite's national officer, said: "OurMark Sanchez Jerseys first priority will be to safeguard jobs and skills. Any merger will need political approval in Europe and the USA. Questions need to be asked about when the UK government knew about this and what they will do to safeguard jobs." He added: "We will be seeking an urgent meeting with Vince Cable and Philip Hammond and demanding guarantees from the company that a merger will not result in slashing jobs to cut costs.A government spokesperson said last night that the UK would ensure that the "public interest" was protected, but declined to comment on jobs.
The new company would be the largest manufacturing Tim Tebow Jerseyscompany in the UK, employing tens of thousands of people in critical defence manufacturing and at Airbus. It is vital that the government ensures these jobs are protected in the UK before approving the merger."The Prospect union, which has around 700 members at BAE, said private sector defence contractors had been under "immense pressure" due to spending cuts.The Lagardère holding in EADS is part of a pact designed to maintain the balance between the company's French and German shareholders. The French state also owns 7.5%, while the German carmaker Daimler holds 15%.
"Whether the news of this merger brings reassuranceDarrelle Revis Jerseys or not for the workers depends on whatever plans for consolidation or growth the merged company will provide. Prospect will be seeking early dialogue with the companies," said Mike Clancy, the union's general secretary designate.Sources close to the deal have indicated that the British government has been made fully aware of the implications of the deal with EADS, which is co-controlled by the French and German governments, alongside the Spanish state as a minor shareholder.