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IAD backs C&W

16th March 1989, Page 21
16th March 1989
Page 21
Page 21, 16th March 1989 — IAD backs C&W
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Which of the following most accurately describes the problem?

• Employee-owned Luton & District has offered to back an employee-led buyout at major SBG subsidiary Clydeside & Western by purchasing 15% of the shares. C&W staff have strongly supported the TGWU's buyout plan: 95% of them have put up .20 each to pay for the services of financial advisors Peat Marwick McLintock.