UK Workers Union Backs Tata In Jaguar – Land Rover Sale

India’s Tata Motor Company’s bid for Jaguar and Land Rover has received support from Britain's largest manufacturing union that represents Ford. Though the union backing is not essential for the sale, Ford will take it in consideration as the company will remain one of the most significant employers in the UK even after it gets “rid” of the two British brands. -Continued

As we speak, there are three main bidders for the Jaguar and Land Rover brands, two Indian companies, Tata and Mahindra & Mahindra and, One Equity, a JP Morgan-owned buyout group led by former Ford chief executive Jac Nasser. The three bidders made their presentations to representatives of the British union at Land Rover's factory in Solihull. After the presentation, Tony Woodley, joint general secretary of the manufacturing workers' union Unite, said: "Based on serving the best interests of the union members at Jaguar Land Rover, the stewards agreed that Tata best fit these criteria”.

Via: InidaTimes