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HT buyout talks

17th August 1989, Page 16
17th August 1989
Page 16
Page 16, 17th August 1989 — HT buyout talks
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Which of the following most accurately describes the problem?

• 'I'alks are in progress about a staff buyout at 70-vehicle municipal operator Hartlepool Transport.

The Borough Council favours the sale, but only the operating company would be included. The garage and head office would be retained and leased to the new company.

Hartlepool Transport recorded a surplus of £75,000 in its first 17 months. The operator has since faced a challenge from United Automobile which runs minibus routes in the town.

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Organisations: Borough Council

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