Financialisation, Ownership and Employee Interests Under Private Equity at the AA, Part Two

This article examines a theoretically informed case study of the effects of financialisation at the workplace. It focuses in particular on trade union de-recognition and trade union recognition in the furtherance of ownership interests. The paper reports on the continued diffusion of investor-owner interests under the private equity business model which has recently witnessed the AA re-listed on the stock market. It addresses two research questions. One, how are investor-owner interests secured by trade union de-recognition and re-recognition? Two, how and why, as a de-recognised trade union, does the GMB continue to campaign for and represent GMB members in the AA when the IDU (the independent democratic union) has sole recognition at the firm?

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