Unite the Union

Unite the Union

November 19, 2007 10:41 ET

Unite Reaction to David Walkers Report in to Private Equity Firms

Embargoed until 00.01 Tuesday 20th November

LONDON, UNITED KINGDOM--(Marketwire - Nov. 19, 2007) -

Paul Talbot, Unite Assistant General Secretary says;

"The recommendations in the Walker Report are just a way of getting the Industry off the hook and out of the spotlight. They'll be forgotten about in no time. We need proper regulation to protect workers and stop asset stripping."

Notes to Editors:

Unite on Monday said:

Derek Simpson, Joint General Secretary for Unite says;

"Unless the Government enforce some kind of regulation Private Equity firms will continue to operate shrouded in secrecy. Employees will end up with no more certainty on job security, pay and pensions and we will remain in the dark as to whether they pay anymore tax than their cleaners.

In order to retain tax relief on borrowing and other tax perks Private Equity firms must be able to demonstrate that jobs and pay and conditions in the companies they acquire are not cut."

Contact Information

  • Jody Whitehill
    07768 693956