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Competition and Markets Authority highlights competition concerns in ventilation company deal
A Phase 2 review by the Competition and Markets Authority (CMA) has provisionally found competition concerns in ventilation company Lindab’s purchase of HAS-Vent, in the local areas around Nottingham and Stoke-on-Trent.
“Our findings are provisional, and we now welcome responses on our preliminary conclusions and the potential remedies in this case.”
The CMA is welcoming responses to its provisional findings from those interested in the deal by Thursday 12 September. These will be considered by the inquiry group prior to issuing its final report, which is due by Thursday 17 October.Leicester SPS strikes called off
Strikes by Leicester SPS Technologies workers have been called off after an improved offer was secured by Unite, the union.
The nearly 200 workers, who produce specialist nuts, bolts, pins, screws and collars for the aerospace and defence industries, voted to accept the two-year eight per cent pay deal.
The workers will receive five per cent for 2024 and three per cent for 2025, as well improvements to annual leave and time off for medical appointments.
Unite general secretary Sharon Graham said: “This is what trade unionism in action looks like: SPS workers demanded an improved offer, showed they were prepared to strike to achieve it and won a better deal. Yet again, Unite’s laser-like focus on improving jobs, pay and conditions has put money in our members’ pockets.”
The workers were due to begin all out indefinite strike action on 21 August. Following negotiations with Unite and SPS a deal was reached and the dispute settled without industrial action taking place.