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Caparo Testing Sale Welcome

Friday, November 20, 2015

GMB Welcome Sale Of Caparo Testing Technologies To Applus And Call For All Sites In Administration To Be Saved

This is excellent news for our members at the sites covered by the announcement in the run up to Christmas says GMB.

GMB, the union for engineering workers, commented on the announcement by PwC on the sale of Caparo Testing Technologies to Applus+, a company operating globally in the Testing, Inspection and Certification sector. See notes to editors for copy of press release from PWC dated 20th November 2015.

Russell Farrington, GMB Organiser said "This is excellent news for our members at th e sites covered by the announcement in the run up to Christmas.

GMB is still of the opinion that all the Caparo sites can be saved and run as profitable businesses. GMB support the save our steel rally in Sheffield tomorrow 21st November. ( See notes to editors for details)

Despite the protests of our regional Labour MPs, Trade Unions and the general public, the Government has so far done nothing to help Caparo workers. We need positive intervention to safeguard the steel industry in the West Midlands and GMB will continue our campaign for this.

For those workers that have already been forced out of their jobs, we know that being made redundant just before Christmas will have a devastating effect on both them and their families. As well as providing help, advice and legal and support for our members who've been affected, GMB will also be supporting the Express and Star's Toy campaign to help make a difference to the families of Caparo workers."

End

Contact: Russell Farrington on 07957 266840 or Joe Morgan 07794 247 960 or Sam Jones on 07939 874 272 or Stephanie Peacock on 07841 763521 or 0121 550 4888 or 07921 289880

Notes to editors

1 Copy of press release from PwC dated 20 November.

Update on Caparo Industries plc and its subsidiaries - collectively the "Caparo Industries Group" or "CIP" - in administration

PwC is pleased to announce the sale of Caparo Testing Technologies to Applus+, a company operating globally in the Testing, Inspection and Certification sector.

This deal safeguards the jobs of 76 employees based in four locations and two customer sites across the Midlands and South of the UK.

The business operates in Oldbury in the West Midlands, Reigate, Luton and Poole, conducting non-destructive testing¹ of parts in a range of sectors with a particular focus on Aerospace and Aviation.

Robert Moran, partner at PwC, leading the Caparo sales process, said:

"The sale of Caparo Testing Technologies to Applus+ represents a highly strategic acquisition and demonstrates the quality of this business.  It is also great news for 76 employees of the Caparo Industries Group.  We would like to thank all of the Caparo people involved for their dedicated support in securing this transaction.

"We continue to hold advanced and encouraging discussions with a number of parties around the sale of remaining Caparo Industries Group companies."

ENDS

Notes to editors:

1.        Non- destructive testing uses various methods to identify surface and volumetric faults in materials, including X-Ray, ultrasound, magnetic particle, dye penetrant and Eddy current inspection

2.        The two customer sites are based in Oxfordshire and Dorset

3.        Partners from PwC were appointed as administrators to 16 companies in the Caparo Industries Group on 19 October.

4.        The Caparo Industries Group comprises a Midlands and London headquartered diversified industrial group involved in the forging and pressing of metal products for aerospace, automotive and other industries; as well as the production of fastenings, wire, tubes and other products.

2 Details of Save our Steel Rally

GMB JOIN SAVE OUR STEEL RALLY IN SHEFFIELD CITY HALL ON SATURDAY 21ST NOVEMBER

GMB, the union for steel workers, is taking part in a mass rally for steelworkers and their families in Sheffield on Saturday November 21st at the City Hall.

The details of the protest are as follows:

Doors open at 1pm Saturday 21st November

Rally starts 2pm

Sheffield City Hall,

Irwin Mitchel Oval Hall,

Sheffield S1 2JA

Those attending will be welcomed by a steel band and the bar will be open for people to buy refreshments. There will also be face painting/balloon making for kids.

Speakers include Tim Roache, GMB General Secretary Elect, Frances O’Grady, TUC General Secretary, Len McCluskey, Unite General Secretary, Roy Rickhuss, Community General Secretary,  MPs and steel shop stewards.

Dave Hulse, GMB National Officer, said “the steel industry in the UK is in real crisis, with massive job losses taking place with the closure of the SSI plant in Redcar, redundancies in Tata Steel in Scunthorpe and the potential closure of the plants in Scotland on top of job losses which will take place in Rotherham and redundancies and closures in Caparo Industries.

This rally is another step steel unions the campaign to save jobs and force the Government to take action.

Make no mistake, if the unions had not mounted such a campaign, the Government and in particular the Secretary of State at BIS would not have called the Steel Summit, would not have gone to Brussels to meet with the EU on the crisis - their plan was to wring their hands and hope it would all go away.

Well, they were wrong steel workers will not accept PR stunts as a substitute for real action. The lobby of Parliament, the recent rally and march in Scunthorpe and the demo in Brussels have helped galvanise steelworkers to fight back to save our steel.

We want to see specific measures to help level the playing field, including:

  • increasing the speed and effectiveness of implementing trade defense measures to respond to price crashes in third countries,
  • considering measures to support the industry in relation to the revision of the energy rules for heavy industry and rules on carbon leakage
  • assess the impact of energy tariffs and how the negative impact can be remedied
  • a block on granting market economy status to China whilst they continue to dump steel on EU markets, and for a full social and economic impact assessment on the question of granting this status to China to be undertaken.

Ministers must act now to stop the dumping of cheap Chinese steel, help with high energy and emissions costs and Save Our Steel.”

End

Contact: Dave Hulse 07971 266157 or Kathleen Walker Shaw in Brussels 07841 181549 or Jim Moohan, GMB Scotland on 07885 868405 or Shaune Clarkson, GMB Scunthorpe 07738 767561 or Jeff Beck in Wales on 07980 753 112 or Russell Farrington in West Midlands 07957 266519 or GMB press office 07921 289880 or 07974 251 823

 

 

 

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