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Baird plans buyout

15th June 1989, Page 18
15th June 1989
Page 18
Page 18, 15th June 1989 — Baird plans buyout
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Which of the following most accurately describes the problem?

• Andy Baird, the shop steward at the centre of the bitter six-week strike at Kelvin Scottish (CM 1-7 June), is now preparing a workers' buyout.

Baird, who was dismissed from the company, says: "We have had a few meetings already to confirm finance and we will be organising a management team to formulate a bid for the company.

"I would expect that any financial institution would be wary of committing money to a management team which does not have the support of the trade union," he adds.