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Simclar Group
The Simclar Group was a collection of companies owned by Sam Russell. It went into administration in June 2011. In January 2007 the group closed its Kilwinning and Irvine plants amid allegations of asset stripping and abuse of workers rights Labor rights or workers' rights are both legal rights and human rights relating to labor relations between workers and employers. These rights are codified in national and international labor and employment law. In general, these rights influe .... Workers occupied the group's premises at Kilwinning and picketed the Irvine plant in an attempt to stop the asset stripping, but were unsuccessful. In August 2007, the workers were awarded approximately £800,000 in compensation for breaches of employment law by the Simclar Group. In November 2012, the Simclar assets were acquired by Balmoral Funds, which renamed the company Concurrent Manufacturing Solutions. References External links The Simclar Group Manufacturing companies of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kilwinning
Kilwinning (, sco, Kilwinnin; gd, Cill D’Fhinnein) is a town in North Ayrshire, Scotland. It is on the River Garnock, north of Irvine, about southwest of Glasgow. It is known as "The Crossroads of Ayrshire". Kilwinning was also a Civil Parish. The 2001 Census recorded the town as having a population of 15,908. The estimated population in 2016 was 16,460. History According to John Hay, once the headmaster of the parish school in Kilwinning, " North Ayrshire has a history of religion stretching back to the very beginning of missionary enterprise in Scotland. The Celtic Christians or Culdees of the period of St Columba and St Mungo found here, in this part of Scotland, a fertile field for the propagation of the faith. Kilmarnock, Kilbride, Kilbirnie, are all, like Kilwinning, verbal evidence of the existence of 'Cillean' or cells of the Culdee or Celtic Church." In the distant past, the town was called Sagtoun, or Saint's Town, after St. Winning, the founder of an ear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irvine, North Ayrshire
Irvine ( ; sco, Irvin, gd, Irbhinn, IPA: ˆiɾʲivɪɲ is an ancient settlement, in medieval times a , and now a new town on the coast of the in North Ayrshire, |
Asset Stripping
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. In many cases where the term is used, a financial investor, referred to as a 'corporate raider', takes control of another company and then auctions off the acquired company's assets. The term is generally used in a pejorative sense as such activity is not considered helpful to the company. The proceeds of the sale of assets may be used to lower the company's net debt. Alternatively, they may be used to pay a dividend to equityholders, leaving the company with lower net worth – i.e. the same level of debt but fewer assets (and weaker earnings) to support that debt. With a lower level of assets, some argue that the business is rendered less financially stable or viable. For example, the sale-and-leaseback of a building would lead to an increased rental bill for the company. Asset stripping is a highly controversial topic within the financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workers Rights
Labor rights or workers' rights are both legal rights and human rights relating to labor relations between workers and employers. These rights are codified in national and international labor and employment law. In general, these rights influence working conditions in relations of employment. One of the most prominent is the right to freedom of association, otherwise known as the right to organize. Workers organized in trade unions exercise the right to collective bargaining to improve working conditions. Labor background Throughout history, workers claiming some sort of right have attempted to pursue their interests. During the Middle Ages, the Peasants' Revolt in England expressed demand for better wages and working conditions. One of the leaders of the revolt, John Ball famously argued that people were born equal saying, "When Adam delved and Eve span, who was then the gentleman?" Laborers often appealed to traditional rights. For instance, English peasants fought agai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
