Jim Moohan, GMB union official in Scotland has welcomed the collapse of merger talks between BAE Systems and EADS, saying the workforce will be relieved. He said:
This is a decision of fine judgment and the BAE Systems workforce will be relieved that the management did not rush into a situation that could have destabilised a very successful company.
There were too many 'ifs' or 'buts' and grey areas which, if the merger had gone ahead, were causing serious concern. GMB now hopes that BAE Systems will focus on what they do very successfully and the company must look to world markets for opportunities that will provide employment for their highly skilled workforce across the UK.
It has not taken long since the collapse of the proposed merger with Franco-German company EADS for the BAE board to be put under pressure.
The EADS and BAE mega merger is not going to go ahead, at least for now.
Talks between the two major defence companies continued into the night as they look to strike a deal.