Skip to main content

VENTURE CAPITALISTS AND WORKERS' RIGHTS

EDM (Early Day Motion) 2079: tabled on 03 May 2006

Tabled in the 2005-06 session.

This motion has been signed by 50 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House regrets that since the motorists' organisation, the AA, was purchased by the venture capitalists CVC and Permira in 2004, some 3,400 of the 10,000 staff who assist motorists have been sacked; notes that the company has indulged in union-busting tactics; further notes that the remaining employees, many of whom are GMB members, have been put under excessive pressure to cope with extra work resulting in some motorists being abandoned at the roadside; is concerned that AA membership charges have risen by up to 30 per cent. while company profits have doubled to £200 million; is alarmed at reports that the venture capitalists are planning to borrow a further £500 million to pay themselves a special dividend that would burden the company with bank borrowings of £1.9 billion and which could jeopardise future pensions; considers this action to be blatant asset stripping by individuals who are protecting their own assets by operating through limited liability companies; and believes that company law should be reformed to prevent speculators from exploiting the protections afforded by limited status and that the interests of the customer and the employee should not be jeopardised by the greed of venture capitalists like Permira and CVC.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Anderson, Janet
Labour
Signed on 11 May 2006
Rossendale and Darwen
Austin, Mr Ian
Labour
Signed on 24 May 2006
Dudley North
Butler, Ms Dawn
Labour
Signed on 11 July 2006
Brent South
Caton, Mr Martin
Labour
Signed on 9 May 2006
Gower
Clapham, Mr Michael
Labour
Signed on 9 May 2006
Barnsley West and Penistone
Clark, Ms Katy
Labour
Signed on 8 June 2006
North Ayrshire and Arran
Cooper, Rosie
Labour
Signed on 23 May 2006
West Lancashire
Cryer, Mrs Ann
Labour
Signed on 11 May 2006
Keighley
Dean, Mrs Janet
Labour
Signed on 9 May 2006
Burton
Devine, Jim
Labour
Signed on 15 May 2006
Livingston
Dobbin, Jim
Labour
Signed on 9 May 2006
Heywood and Middleton
Doran, Mr Frank
Labour
Signed on 5 June 2006
Aberdeen North
Dowd, Jim
Labour
Signed on 8 June 2006
Lewisham West
Drew, Mr David
Labour
Signed on 11 May 2006
Stroud
Ennis, Jeff
Labour
Signed on 10 May 2006
Barnsley East and Mexborough
Etherington, Bill
Labour
Signed on 11 May 2006
Sunderland North
Flynn, Paul
Labour
Signed on 10 May 2006
Newport West
Foster, Michael Jabez
Labour
Signed on 9 October 2006
Hastings and Rye
Godsiff, Mr Roger
Labour
Signed on 19 July 2006
Birmingham, Sparkbrook and Small Heath
Goodman, Helen
Labour
Signed on 24 May 2006
Bishop Auckland
Hamilton, Mr David
Labour
Signed on 10 May 2006
Midlothian
Hemming, John
Liberal Democrat
Signed on 12 May 2006
Birmingham, Yardley
Hepburn, Mr Stephen
Labour
Signed on 20 June 2006
Jarrow
Heyes, David
Labour
Signed on 15 May 2006
Ashton-under-Lyne
Hodgson, Mrs Sharon
Labour
Signed on 22 May 2006
Gateshead East and Washington West
Illsley, Mr Eric
Labour
Signed on 10 May 2006
Barnsley Central
Jenkins, Mr Brian
Labour
Signed on 25 May 2006
Tamworth
Keen, Alan
Labour
Signed on 14 June 2006
Feltham and Heston
Kemp, Mr Fraser
Labour
Signed on 9 October 2006
Houghton and Washington East
Khan, Mr Sadiq
Labour
Signed on 25 May 2006
Tooting
Laxton, Mr Bob
Labour
Signed on 18 July 2006
Derby North
Marshall-Andrews, Mr Robert
Labour
Signed on 12 June 2006
Medway
McCafferty, Chris
Labour
Signed on 9 October 2006
Calder Valley
McGovern, Mr Jim
Labour
Signed on 11 May 2006
Dundee West
Mitchell, Mr Austin
Labour
Signed on 5 June 2006
Great Grimsby
Moffat, Anne
Labour
Signed on 18 October 2006
East Lothian
Moon, Mrs Madeleine
Labour
Signed on 24 May 2006
Bridgend
Morgan, Julie
Labour
Signed on 7 June 2006
Cardiff North
Pugh, Dr John
Liberal Democrat
Signed on 12 May 2006
Southport
Purchase, Mr Ken
Labour
Signed on 10 May 2006
Wolverhampton North East
Simpson, Alan
Labour
Signed on 11 May 2006
Nottingham South
Skinner, Mr Dennis
Labour
Signed on 10 May 2006
Bolsover
Vis, Dr Rudi
Labour
Signed on 10 May 2006
Finchley and Golders Green
Wareing, Mr Robert N.
Labour
Signed on 9 May 2006
Liverpool, West Derby

There are no withdrawn signatures for this motion.