There was a lesson to be learned from takeover

York Press: Rowntree workers protest against the takeover in 1998 Rowntree workers protest against the takeover in 1998

CONGRATULATIONS on obtaining the papers surrounding the controversial takeover of Rowntree’s by Nestlé in 1988 (Revealed: Secret Files on Rowntree, The Press, December 23).

Your report reveals how muddled Government policy was at the time on foreign takeovers – a trait that, unfortunately, continues to this day.

Happily, since then, Nestlé has continued to invest heavily in their York operation despite their base being in Switzerland – which is, of course, outside the EU and retains control of its own borders.

Perhaps there are some other lessons to be drawn from this takeover?

David Farnsworth, Old Orchard, Haxby, York.

Comments (2)

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11:21am Mon 30 Dec 13

Zetkin says...

The main lessons of the takeover are unchanged by last week's "revelations":

1) workers can never trust their bosses
2) workers can never trust someone else's bosses
3) workers can never trust the government (of either party), which is invariably acting for the bosses
4) "investing heavily" still means job losses
The main lessons of the takeover are unchanged by last week's "revelations": 1) workers can never trust their bosses 2) workers can never trust someone else's bosses 3) workers can never trust the government (of either party), which is invariably acting for the bosses 4) "investing heavily" still means job losses Zetkin

7:54pm Mon 30 Dec 13

ColdAsChristmas says...

And Why didn't local Tory MP John Greenway support keeping Rowntree British? A question never really answered. Back bench lobby fodder perhaps?
And Why didn't local Tory MP John Greenway support keeping Rowntree British? A question never really answered. Back bench lobby fodder perhaps? ColdAsChristmas

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