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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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Unite: Government must ensure long-term future of BAE

Unite the union has called for the government to strengthen its 'golden share' in BAE systems to save British jobs, following the reported collapse of merger talks between BAE Systems and EADS.

Ian Waddell, Unite national officer for aerospace and shipbuilding said:

The highly skilled workforces of both companies are the beating heart of British manufacturing. A merger, with a jobs guarantee, would have created a strong new company that could have protected the UK’s long term interests.

There was an industrial logic to the merger, but national and political interests proved to be the stumbling block. The UK government now needs to strengthen its ‘golden share’ and send a powerful message that it backs British manufacturing and BAE Systems.

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