Industrial Reorganisation Corporation
The Industrial Reorganisation Corporation was an entity established by the Government of the United Kingdom to reorganise British industry.
History[edit]
The corporation was established by the First Wilson ministry in 1966[1] with the objective of encouraging mergers to make British industries more competitive.[2] Its activities included facilitating the merger of GEC and AEI in 1966 and of the merger of that enlarged entity with English Electric in 1968.[3] It also facilitated the merger of British Motor Corporation with Leyland Motors in 1968[3] and the merger of RHP, a ball bearing manufacturer, with Ransome & Marles in 1969.[4] It was wound up by the Heath ministry in 1970.[5] The Chairman throughout most of its life was Sir Frank Kearton.[6]
References[edit]
- ^ "The Industrial Reorganisation Corporation". Parliamentary Debates (Hansard). 25 January 1966. Retrieved 4 April 2017.
- ^ Pass, C. (September 1971). "The industrial reorganisation corporation—A positive approach to the structure of industry". Long Range Planning. 4: 63–70. doi:10.1016/0024-6301(71)90053-7.
- ^ a b The Times, 22 June 1983
- ^ "Sluggish bearing sales and Japanese imports hit Ransome: 1,475 jobs go". The Times. 20 May 1972. p. 17.
- ^ "Industrial Reorganisation Corporation". Parliamentary Debates (Hansard). 30 October 1970. Retrieved 4 April 2017.
- ^ Broadway, Frank Edward (1970). State Intervention in British Industry, 1964-68. Fairleigh Dickinson University Press. p. 62. ISBN 9780838676905.