Takeover Of Yorkshire Rider By Badgerline Limited

EDM number 939 in 1993-94, proposed by Terry Rooney on 23/03/1994.

That this House notes the proposed ú38 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 ú86 million turnover and ú19 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 ú3.8 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.

This motion has been signed by a total of 42 MPs, 1 of these signatures have been withdrawn.