Early day motion tabled by primary sponsor Terry Rooney (Labour), on Wednesday, 23 March 1994, in the House of Commons. It is signed by 41 members in total.

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TAKEOVER OF YORKSHIRE RIDER BY BADGERLINE LIMITED

That this House notes the proposed ??38 million buy-out of Yorkshire Rider bus company by Badgerline; further notes that Yorkshire Rider is 49 per cent. owned by the employees who have not been consulted in the deal; is concerned at the paucity of the offer bearing in mind Yorkshire Rider's ??86 million turnover and ??19 million of assets; recognises that the success of Yorkshire Rider in maintaining a viable network in West Yorkshire is because of sacrifices over a number of years by the workforce including pay cuts; is concerned at the reports of profits on the deal for directors of up to ??3.8 million each; and calls on the Secretary of State for Transport and the President of the Board of Trade to intervene to protect the interests of the travelling public in West Yorkshire.

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Secondary information

Type

Early day motion

Reference

939 

Session

1993-94

Subjects

Directors Bus services Staff Shareholders West Yorkshire Badgerline Group Yorkshire Rider

Link

View this Early day motion on www.parliament.uk