John and 6,000 other GKN workers are at the cutting edge of engineering in aerospace, car manufacturing and defence. The work they do helps keep us safe, go on holiday or do the school run. Their jobs help sustain our communities and our economy.
John fears that could all change. Melrose, a self-styled ‘turnaround’ specialist has made a hostile takeover bid for GKN. GKN will be saddled with over £1.3 billion of debt if Melrose succeeds with its bid, while its advisors will pocket upwards to £140 million in fees. The champagne will flow in parts of the City, but at what cost?
John and his workmates are worried that they will pay for this debt fuelled payday with their livelihoods and be flogged off to the highest bidder as the company is broken up to turn a quick buck.
In Melrose’s hands, ministers’ plans for the UK to be a leader in electric vehicles could be derailed. Technology and jobs risk being shipped abroad, and because of GKN’s defence work our national security could be at risk.
The government can and should use its existing power to intervene.
Theresa May has said she will act in the national interest. GKN workers from across the UK are urging her government to keep her word and block the bid to protect jobs, communities and our national security.
It's a bad deal for all of us
Unite is the main union representing workers across GKN’s UK automotive, aerospace and research and development divisions which employ a total of 6,000 workers.
Unite is campaigning to defend GKN and thousands of highly skilled manufacturing jobs from this hostile bid. What we need is a long-term commitment, matched by investment, rather than a damaging restructure or a hostile takeover.
What YOU can do
Write to your MP
must put pressure on the Secretary of State to intervene and block any bid which fails to protect the long term interests of the business and the workforce.
We have drafted a letter below as a template for you to write to your MP. It only takes a minute and you can find a full list of MPs with GKN sites in their constituencies under campaign resources below too.
Have your say
Picture: Senior GKN reps from across all major UK sites lobbying MPs – Rebecca-Long Bailey, Lucy Allan, Ian
Mearns and Jack Dromey
If you are a GKN worker, it is important that Unite’s response to this takeover bid is led by you. Please share your views on our online survey here.
Or visit: https://response.questback.com/unitetheunion/uniteinGKN
. (All options and details will be treated in strict confidence).
Join a workplace meeting
Unite senior stewards will be holding members’ meetings in all major GKN workplace. Contact your rep for more information.
Together we can make a difference.