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Support Fight On Hostile Pfizer Bid

Wednesday, May 21, 2014

Astra Zeneca Unions Call On Board To Face Down Demands For Negotiations With Pfizer For Agreed Bid And Fight Hostile Bid

Osborne’s claim that stance breaks consensus rejected as members have never supported tax competition which distorts open markets, erodes  tax base and threatens the productive and scientific foundations of economy says unions.

A joint statement was issued from a meeting of GMB and Unite shop stewards from all Astra Zeneca sites in Macclesfield today (21st May 2014) which considered the Pfizer bid.

The statement said “Union representatives expressed full support the Astra Zeneca board decision to reject the Pfizer bid.

Union representatives call on the Board to face down pressure from all quarters to get into negotiations with Pfizer for an agreed bid and to brace to fight any hostile bid.

Union representatives are seeking a meeting with Pascal Soriot, Chief Executive of Astra Zeneca, to follow up on evidence he gave to the BIS Committee in Parliament on May 13th on job prospects in Astra Zeneca.

Union representatives noted the claim by George Osborne that the labour movement in opposing this deal, which is driven to desire to take advantage of different tax rates in UK and US, opposes free markets and an open economy. The logic of that is that George Osborne supports the Pfizer deal.

Union representatives rebut his contention that this stance breaks a 30 year consensus. Members have never supported tax competition which distorts open markets, erodes the tax base and threatens the productive and scientific foundations of our economy. Neither does the British public who want to see multinationals like Pfizer, Amazons and Starbucks pay a fair share of tax on turnover in every jurisdiction they operate in. Union representatives support action in the USA to stop Pfizer being able to get out of paying its fair share of tax on turnover there. " 

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Contact: Allan Black 07725 100316 or Eddie Parker in North West 07740 804046 or GMB press office 07921 289880 or 07974 251 823.

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