Today’s evidence session exposed how the big bosses of Melrose could receive large pay outs - Long Bailey

Rebecca Long Bailey MP, Labour’s Shadow Business Secretary, commenting on Melrose’s appearance at the BEIS Select Committee this morning, said: 

“Melrose’s business model risks breaking up a company with a 250-year-old history, and in so doing undermining our industrial strategy and national security.

“Today’s evidence session exposed how the big bosses of Melrose could receive large pay outs if this takeover goes ahead, something that a Labour government would tackle.

“Management has failed to give any clear assurances or definite commitments on the future of GKN. The Government must intervene and investigate this matter urgently.”