Early day motion tabled by primary sponsor Frank Cook (Labour), on Wednesday, 19 June 1991, in the House of Commons. It is signed by 123 members in total.

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ICI'S CORPORATE FUTURE

That this House recognises the anxiety of workers at all levels, present and past, of Imperial Chemical Industries at the possibility of Hanson plc augmenting its 2.8 per cent. holding of ICI's shares to gain a controlling interest in the company's affairs; understands the concern of conurbations where ICI units are located that mature relationships between the company and these communities could be destabilised by such a change should it be brought about; acknowledges advice given by Imperial Pensioners (Tobacco and Food) by letter dated 12th June 1991 to the honourable Member for Stockton North in which they 'recommend vigilance and scrutiny concerning both the intentions and the actions of Hanson plc in so far as they can be readily established or are publicly revealed' and commends ICI for committing the affairs of its company pension funds to an independent board of trustees; acknowledges too the Secretary of State's assurance that he 'shall take an interest - if there were to be a bid' and 'consider representations from interested parties before reaching any decisions'; is of the firm opinion that considerations of national, regional and community interests in relation to this affair require firm handling by Her Majesty's Government; and therefore calls upon the Prime Minister to ensure that Ministers and officials do everything to make certain the matter is resolved in this country and in accord with the expressed wishes of the company, its workforce, its pensioners and the communities in which it is established.

Amendments

The Early day motion has received an amendment.

ICI'S CORPORATE FUTURE (997A1)

The Early day motion has received an amendment sponsored by Dennis Skinner (primary, Labour) and tabled on Wednesday, 19 June 1991. It has been signed by 5 members in total.

at end add 'and then expects ICI to pay wage increases to the wealth-creating workers on a par with those of the bosses.'.

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Secondary information

Type

Early day motion

Reference

997 

997A1 

Session

1990-91

Subjects

Staff Takeovers ICI Hanson

Link

View this Early day motion on www.parliament.uk