Private equity, ‘union recognition’ and value extraction at the Automobile Association: The GMB as an emergency service?

Authors


  • Ian Clark is Senior Lecturer in Industrial Relations and HRM, The Department of Management, Birmingham Business School, University of Birmingham.

Ian Clark, Department of Management, Birmingham Business School, University House, University of Birmingham, Edgbaston, Birmingham, UK, B15 2TT; email: i.a.clark@bham.ac.uk

ABSTRACT

This article evaluates union recognition and ‘value extraction’ in a private equity buy-out. The article reviews private equity, investor value and ownership interests, details union recognition at the Automobile Association (AA) before and after its acquisition by private equity, and reviews the GMB's wider campaign of opposition to private equity ownership.

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