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Reject Pfizer's New Offer

Monday, May 19, 2014

GMB Reaction To New Offer From Astra Zeneca On UK Jobs

GMB call upon the Astra Zeneca Board to continue to reject Pfizer's approach and we call upon the institutional investors to break the habit of a lifetime and look beyond a quick buck.

GMB reacted today to an improved offer from Astra Zeneca.

Allan Black, GMB National Officer responding to Pfizer's new offer for the UK based Company said, "The arguments put forward by GMB and many others last week to protect UK manufacturing jobs and the UK science based industries are equally valid this week. We call upon the Astra Zeneca Board to continue to reject Pfizer's approach and we call upon the institutional investors to break the habit of a lifetime and look beyond a quick buck.

We continue to believe that there is a strong public interest argument in sustaining UK high end science and stopping the slide towards an economy built on cutting each others hair and selling each other insurance policies.

We are meeting our Astra Zeneca members later this week and they will be asking us I am sure to press ahead without attempts to persuade the politicians to take the necessary legislative powers to stop Astra Zeneca being plundered."

Ends

Contact: Allan Black GMB National Officer on 07725 100316 or Eddie Parker 07740 804046 or GMB Press Office 07921 289880.

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