"No 1984 NBC buy-out," says Lord Shepherd
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NATIONAL BUS COMPANY chairman Lord Shepherd has told the state group's 60,000 staff that he does not expect any moves to be made towards privatisation during 1984.
In a year-end message to staff in the group newspaper Bus News, Lord Shepherd said: "1984 without doubt will see further changes in the transport world. We shall see further changes in the metropolitan counties and in London, but I do not see the other major issue, the introduction of private capital into NBC, bubbling very close to the surface during the next 12 months."
But he warned that the group "must never forget that it owes its present and only recently obtained financial stability to its organisation as an integrated business, a fact which always must be taken into account."
Lord Shepherd said 1983 "has been a year of settling down after a period of three or four years when we were adjusting our organisation to meet the changing market and new legislation in the eighties."
There was no doubt that the outside world now viewed NBC as a successful and forward looking group. "We have a record which is the envy of many and achieved by few," said the NBC chairman.