Hansard

Employment (French Subsidies)

Volume 83: debated on Thursday 25 July 1985

Download text
Back to top Previous debate Next debate
The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Dormand

asked the Secretary of State for Trade and Industry if he will make representations to the European Economic Community regarding the compatibility with European Economic Community regulations of the offering by the French Government of subsidies designed to attract employment to France from the United Kingdom; what representations he has received about the proposed transfer by the Terreco Group of work from Case Tractors in Meltham and Leigh to various establishments in France; and if he will make a statement.

Mr. Butcher

I understand the European Commission have approached the French authorities about the package of French Government support made available following the J. I. Case acquisition of the International Harvester tractor operations in France. The Government have received many representations on the future of the Meltham and Leigh plants notably from the hon. Member for Colne Valley. The Government have discussed and continue to discuss the future manufacturing operations of J. I. Case in the United Kingdom with senior management from Tenneco and its J. I. Case subsidiary.

Sincerely,

Alex

ALEX FLETCHER

Table 1

Mean Emoluments of Chairman and Highest Paid Director in Large GB Industrial and Commercial Companies*, 1979–83†

£000

Accounting Year

No. of Companies Analysed

Chairman

Mean Emoluments £ Highest Paid Directory

197958228,49339,549
198058733,54045,936
198157739,62252,476
198258744,03361,181
1983║39550,23166,447

* Large industrial and commercial companies are defined as independent companies and company groups with capital employed of more than £21·8 million and whose main activities are other than insurance, banking and finance. They include GB companies operating mainly overseas.

† Each year covers accounting periods ending between 1 April of that year and 31 March of the following year.
‡ Relates only to the highest paid director where he is not the chairman.
║ Some companies have yet to be analysed but full details will be available early next year.

Source: Department of Trade and Industry's Analysis of Company Accounts as summarised and published in Business Monitor MA3 "Company Finance".