Heard last night that there will be 14 directors.
Talk about cheifs and indians.
It will take 5 years to get right.
And then another 5 years for it to go tits up.
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| Two into one, not down here if some have their way http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=7523 |
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| Author: | Sussex [ Tue Dec 18, 2007 5:10 pm ] |
| Post subject: | Two into one, not down here if some have their way |
Merger unfair say taxi drivers Taxi drivers have complained about plans to merge two of the biggest firms in Sussex. Hove Streamline 202020 and Brighton Streamline 747474 plan to join up and form a "super firm" in the new year but drivers are claiming they have not been properly consulted about the move. The firms were founded in 1936 and have existed separately for more than 70 years. The two firms currently have about 400 drivers between them. In preparation for the merger, the 105 drivers of 202020, who are also equal owners in the company, voted for a seven-man committee so they could call an extraordinary general meeting to discuss the merger. The worried 202020 drivers feel their status in the new firm may be compromised. One said: "In the new company, we won't have a share of the ownership. We will just be shareholders. I also get the impression there will be a division between in-house staff and drivers. There won't be the kind of equality we have had at 202020." About 20 drivers, who wish to remain anonymous, say their meetings are now being blocked. One driver, who has worked at 202020 for more than a decade, said: "They are trying to ride roughshod over members' wishes and rush through a merger which is highly controversial. "We asked for a meeting but the committee we elected said no, the decision had already been made and we couldn't have access to the meeting premises we usually use." Another driver said: "I wrote to our company solicitor raising my concerns about the merger but instead of responding to me, he responded to the directors. I was told I must seek my own legal advice which I can't afford. "I thought company solicitors were there to help members as well as directors." The creation of the new firm is said to be planned to begin in January. If the merger goes ahead the new firm is expected to monopolise cab journeys in Brighton and Hove. Andy Charalambous, chairman of 202020 taxis and John Streeter, vice-chairman of 747474 taxis gave no comment. |
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| Author: | Darren63 [ Tue Dec 18, 2007 9:22 pm ] |
| Post subject: | |
Call me think but if all the 202020 drivers are equal owners and they don't want to merge then how is it happening? |
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| Author: | TDO [ Tue Dec 18, 2007 9:46 pm ] |
| Post subject: | |
Darren63 wrote: Call me think but if all the 202020 drivers are equal owners and they don't want to merge then how is it happening?
Presumably because the majority voted for it or because there's an irregularity of some kind? |
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| Author: | TDO [ Tue Dec 18, 2007 9:48 pm ] |
| Post subject: | Re: Two into one, not down here if some have their way |
Sussex wrote: One said: "In the new company, we won't have a share of the ownership. We will just be shareholders.
So what's shareholding all about if it's not having a share of the ownership? |
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| Author: | Sussex [ Wed Dec 19, 2007 12:05 am ] |
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I think both companies had secret votes, and both got majorities for the merger. Clearly some folks didn't agree with the outcome, but that's the way it goes. As for the merger itself, I wish them well. |
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| Author: | Downtown Cab [ Thu Dec 20, 2007 10:25 pm ] |
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I think the merger will mean the end of 2020 as 7474 will swamp them. And charging some drivers £15 more a week is as good a reason as any not to join. Which is why there are more independents driving hacks than any of those two firms. £0 a week is good. |
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| Author: | Downtown Cab [ Sun Dec 23, 2007 8:15 am ] |
| Post subject: | |
Heard last night that there will be 14 directors.
Talk about cheifs and indians. It will take 5 years to get right. And then another 5 years for it to go tits up. |
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| Author: | Sussex [ Sun Dec 23, 2007 7:43 pm ] |
| Post subject: | |
Downtown Cab wrote: Heard last night that there will be 14 directors.
Talk about cheifs and indians. It will take 5 years to get right. And then another 5 years for it to go tits up. A tad cynical Mr Downtown. Maybe it will just lead to the other two large firms joining up. 
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| Author: | meltingsmoke [ Sun Dec 23, 2007 10:28 pm ] |
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i would think it will go pear shape, i use to work with one of the companys, 14 ppl as directors , lol thats not good . it didn't work when it had 7 the other two firms are still going to kick there ass as well , but they cannot carry on as they were, even as too big hacks firms its going to be hard work , getting rid of dead wood or house keeper i wish them well, |
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