Sunday, May 10, 2009
Corus - Give Teeside a fair deal OR NO VOTES FOR LABOR AGAIN, EVER.
Tata owns both JLR and Corus. But that offers Lord Mandelson a tactical advantage. He can say publicly that "the government stands ready to do what it can to support" the Indian-owned steelmaker in its legal fight, even as he drives a hard bargain behind closed doors over financial assistance for the Indian-owned carmaker.
Corus is not averse to seeking government aid of the folding variety. Philippe Varin, former chief executive of the Anglo-Dutch steel group, took his case for state subsidies to Downing Street in December. But that request applied to other Corus plants. Offering Corus free advice and help with arbitration costs the government nothing and sets no bad precedents. For once, the court of public opinion ought to be aligned with the court of law in deploring the consortium's action. And the only hard hat Lord Mandelson will need is the one for a celebratory photo-op if Corus manages to uphold the 10-year contract.
IMO: Maybe Mandelson should also lend to JLR. Goodwin, Hornby, bankers, MPs and all the other con merchants have had a excessive sums of money - lets face it, Ratan Tata (styled - apparently correctly by the UK Times as "India's humble business king") has access to as much money as he wants and lives relatively poor. Mandelson knows that money for Corus and JLR may be well spent.
IMO: No Corus and JLR - NO LABOR VOTES AGAIN, EVER.
Corus is not averse to seeking government aid of the folding variety. Philippe Varin, former chief executive of the Anglo-Dutch steel group, took his case for state subsidies to Downing Street in December. But that request applied to other Corus plants. Offering Corus free advice and help with arbitration costs the government nothing and sets no bad precedents. For once, the court of public opinion ought to be aligned with the court of law in deploring the consortium's action. And the only hard hat Lord Mandelson will need is the one for a celebratory photo-op if Corus manages to uphold the 10-year contract.
IMO: Maybe Mandelson should also lend to JLR. Goodwin, Hornby, bankers, MPs and all the other con merchants have had a excessive sums of money - lets face it, Ratan Tata (styled - apparently correctly by the UK Times as "India's humble business king") has access to as much money as he wants and lives relatively poor. Mandelson knows that money for Corus and JLR may be well spent.
IMO: No Corus and JLR - NO LABOR VOTES AGAIN, EVER.
# posted by uv : 5:08 AM
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