Selling the Family Silver

Hi

We here tend to sell things off to foreign companies.

Others do not.

Stadco was a big local company, a car parts producer, employing hundreds with some huge contracts.

It was sold to a Canadian Company, first the Shrewsbury factory was closed and production moved abroad, now LLanfyllin is closing and Telford is being downsized, production moved to the EU.

Re: Selling the Family Silver

So what? If private companies it is up to the shareholders and board of directors what to do. The priority must be to always deliver the highest shareholder value.

Re: Selling the Family Silver

Even at the cost of running the company into the ground eh
Todger??

Donkeyman! 👍😁👍

Re: Selling the Family Silver

Or running the company..........

Re: Selling the Family Silver

Yes. The objective of running a PLC is to deliver maximum shareholder value.

Re: Selling the Family Silver

Agreed. That's capitalism for you.

Re: Selling the Family Silver

And now that you are no longer producing car parts, the EU chops you in the neck! You are referring to this issue?
https://www.bbc.co.uk/news/amp/busin...mpression=true

Re: Selling the Family Silver

But we've got our sovereignty back and if BoJo does what he should our fish in our fishing waters.

Stuff your car parts!

Re: Selling the Family Silver

Your car industry contributes more to economy and jobs than fisheries. Sovereignty you never lost.

Britain offers EU fishing concession as part of Brexit sweetener
https://www.theguardian.com/politics...exit-sweetener
https://www.bbc.com/news/uk-scotland-50837190

Re: Selling the Family Silver

I fear that your knowledge about the toxic relationship between the EU and GB, especially England, is equalled only by your lack of understanding about the character of English people.