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BAE merger deal called off

Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.

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GMB: BAE workforce will be relieved

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.

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