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Barton voting over revamp

22nd June 1989, Page 18
22nd June 1989
Page 18
Page 18, 22nd June 1989 — Barton voting over revamp
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Which of the following most accurately describes the problem?

• Barton Transport shareholders are to meet on 30 June to vote on a proposal to sell the company to Wellglade Group, which owns Trent Buses. Wellglade plans to run Barton as a separate subsidiary alongside Trent, but to implement major economies to put Barton back on its feet financially. Profits had declined from 2874,000 in 1986 to 2156,000 in 1988, blamed by family-owned Barton on increased competition and a drop in passenger numbers. Wellglade deputy chairman Brian King had told union representatives that about 150 jobs would have to go as part of a "survival plan" for Barton which runs 211 vehicles from four depots. But he hoped that changes would have a "minimal effect" on passengers. If the meeting approves the purchase, Wellglade will take over on 1 July.


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