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fake hermes belt vs real Comment: Councillors are right on GKN and Street’s silence isn’t good enoughCouncillors hermes izmir replica Ward and O’Reilly and local MPs are right in stressing the strategic importance of hermes birkin replica uk GKN, says Professor David BaileyGet the biggest daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid EmailThe letter from Councillors Ian Ward and Brett O’Reilly calling on the Business Secretary Greg Clark to review the proposed takeover of GKN by Melrose is spot on (Coun Ward and Coun O’Reilly are Birmingham City Council leader and cabinet member for jobs and skills respectively).It follows questions in hermes replica belt PMQs and pressure from Birmingham MPs Jack Dromey and Richard Burden on Mr Clark to use existing powers under the 2002 Enterprise Act to review the takeover.Councillors Ward and O’Reilly and local MPs are right in stressing the strategic importance of GKN as an “anchor” in the Birmingham and regional economy.GKN is big in our region think of GKN’s head office, GKN Freight Services, GKN Aerospace Services, GKN Driveline, GKN Driveline Services and still in the Midlands GKN Wheels Structures.Locally, GKN employs lots of workers, sources components from supply chains locally, delivers exports for the region, supports key firms like Jaguar Land hermes replica original leather Rover in producing world class cars and invests very heavily in the future driveline technologies needed in electric cars.Its eDrive technology is something I’ve stressed here in the Post and which is undervalued by a short termist City.More broadly, an independent study in 2015 found that GKN contributed a total of to the UK economy that year.Today, GKN has 14 sites employing nearly 6,000 people in the UK, with UK sales of over billion.Councillors Ward and O’Reilly are also right to highlight GKN Driveline as the jewel in the crown of GKN’s UK operations, employing 850 people in Birmingham, with sales of million last year to leading global auto firms.Separating and breaking GKN up will lead to replica hermes throw the bits being themselves being broken up and destroyed.GKN Driveline in Erdington (which goes right back to the days of Hardy Spicer) would quickly disappear, I fear.There would be little point in, say, a Chinese owner assembling component parts here. Another lift and shift looms.Aerospace would quickly be taken over too, some 116 years after Guest, Keen and Nettlefold merged in 1902.Sir Trevor Holdsworth, who helped transform GKN into the powerhouse it is today, must be turning in his grave.This wouldn’t be happening in France or Germany. And it doesn’t have to happen here.Section 58 of the 2002 Enterprise Act allows for the Secretary of State to intervene in mergers where they give rise to certain specified public interest concerns, including issues of national security.GKN has extensive military aerospace involvement, including in the Lockheed Martin F 35 Lightning II (JSF), F 22 Raptor, Boeing F 15 Eagle, F/A 18 Hornet, AV 8B Harrier II, Eurofighter Typhoon, Panavia Tornado, Saab JAS 39 Gripen F35 and RM12 engines, and of course the new B21.Given this military involvement, the United States is highly likely to review any GKN takeover via its Committee on Foreign Investment in the United States (CFIUS) provisions.GKN shouldn’t be splitting up ‘brilliant’ companyThe UK could and should do the same.The Public Interest test applies here under the national security element of Section 58 and the UK government hermes birkin 55cm replica has the power to consider the takeover and whether it is in the public interest fake hermes belt vs real.