Having been involved in AstraZeneca through their research facility in Loughborough for 15 years I am struck by the size and scale of these takeovers. The ability of AZ to close the Loughborough site despite spending £500m in the town was a major blow locally - but a strategic decision globally. We suffered the consequences of global capitalism with the loss of those 1200 jobs. They have not been properly replaced.

labourpress:

Chuka Umunna MP, Labour’s Shadow Business Secretary, responding to Pfizer’s confirmation that it has approached AstraZeneca with a view to making a takeover offer, said:

“Labour is clear that any potential takeover of AstraZeneca by Pfizer should be judged on three tests: whether it…

(via labourpress)