Financial Times reports David’s concerns about BAE merger

Posted

The Financial Times has reported Sir David Davis’s concerns regarding the proposed merger between BAE Systems and EADS.

Mr Davis said the merger would cause the loss of a “massively important strategic British asset” and threaten heavy job losses.

With strong French and German government interest in EADS, there is a risk that the British factories will come to be seen as peripheral to the core business of the merged company, with all the threats to employment that involves.”

Mr Davis said he is not hopeful of a quick outcome to the merger discussions, warning that “Suggestions that this could be resolved before the end of the year strike me as wildly optimistic.”