Unite Says that Aston Martin Should be Directed into Developing New Models and securing the Workforce

Unite probes prospect of 'new money' for Aston Martin

England--November 30, 2012: New investment in the luxury car marker, Aston Martin should be directed into developing new models and securing the workforce's future, Unite, the largest union in the country, said today (Friday, 30 November).

Unite, the sole trade union at the company, was commenting as speculation mounts that the firm could receive a large cash injection.

Front runners for providing the new finance for the firm, based at Gaydon, Warwickshire, are Indian conglomerate, Mahindra & Mahindra and Italian private equity fund, Investindustrial which are the competing investment bidders.

Unite regional officer, Tim Parker said: "We are seeking detailed information from Aston Martin's management and the firm's owners, Investment Dar of Kuwait about the prospect of new investment money.

"We would like any financial investment to be used for the benefit of the UK business to secure both the long-term future of Aston Martin and for our members employed there."

The workforce employs a total of 1,800, including contract and agency workers.