Mergers and acquisitions, Automotive industry, Business, UK news Business | The Guardian
London-listed company’s base in Oxford likely to be hollowed out, putting jobs at riskBusiness live – latest updatesThe car parts maker TI Fluid Systems has become the latest London-listed firm to succumb to an overseas takeover, in a deal that will lead to its base in Oxford being hollowed out.The £1bn takeover by Canada’s ABC Technologies includes cutting as many as 2,700 staff globally, 10% of its workforce, with staff levels in Oxford set to be reduced by a third. Continue reading…
London-listed company’s base in Oxford likely to be hollowed out, putting jobs at risk
The car parts maker TI Fluid Systems has become the latest London-listed firm to succumb to an overseas takeover, in a deal that will lead to its base in Oxford being hollowed out.
The £1bn takeover by Canada’s ABC Technologies includes cutting as many as 2,700 staff globally, 10% of its workforce, with staff levels in Oxford set to be reduced by a third.
