IMGpapers 1968–75

Newspapers of the International Marxist Group and its forerunners, 1968–75

FERRANTI BROKE: WILSON BANKRUPT

Red Weekly No. 68, 19 September 1974 · p. 1 of the scan · 664 words

The scan: rw-no68-sep-19-1974.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Apple Vision OCR) from a scan of a newspaper page, and the page was cut into articles by machine, at the headlines found by their type size. Nothing has been corrected: expect misread words, text from a neighbouring article, and titles that are the machine reading of the headline, some of them only fragments. Quote from the scan, not from this page.
How this article was cut and titled: headline found by type size in the OCR geometry (split_tabloid.py); 1-6 of 6; machine-segmented newspaper page; uncorrected Vision OCR.

page 1 of the scan

Ten thousand people marched from Speakers Corner to Trafalgar Square last Sunday to demonstrate their solidarity with the Chilean resistance on the first anniversary of the military coup. Two main themes were stressed by most of the speakers at the final rally: the need to step up the campaign to black all trade with the junta: and the need to learn the lessons of Chile for our own future struggles. With regard to the latter Tariq All, speaking for the IMG, stressed the urgent need for the working masses to rely only on their own struggles, and to build their own organisations of reserved for a speaker from Rolls-Royce in East Kilbride, where workers are continuing to black all work on Chilean firms going broke.

will do no more than paper over the cracks.

The L6 million raised for Court Line, and the money to be paid to Perranti, are an attempt to help help sell Labour's image in this pre-clection period.

This is presented under the guise of saving the workers' jobs, which is arrant nonsense. Labour has no policy to fight redundancies. Its election programme does not include one single, solitary constructive suggestion on how to fight redundancies ACCEPT What Labour b proposing is that workers accept the social contract. This is nothing more than tying the working class to a sick and ailing British capitalism.

Apparently the working class must patiently accept wage restraint so that British industry can take longer to go broke. AFTER COURT LINE, FERRANTI JOINS THE QUEUE OF BRITISH The hasty Government rescue operation" estimated to cost £12 millionThe collapse will not stop with Court Line and Ferranti, Hundreds more firms face the same late. The gloomy forecast of the experts" is that the delicit of firms funds this vear will total E3-£5000 million. Even at the height of the 1969-71 recession the deficit was never higher than 1900 million.

The chill winds are also blowing through the giant BLMC where the issue is not will it go bankrupt, but Thousands of other firms are simply hanging on by the fraying threads Da bank overanus.

Redundancies are on the way for Ferranti's 17000 workers. No reliance should be placed on handouts by "sympathetic" governments. Not should any confidence be placed in the Ferranti management using the handouts in the interest of the workers. massive public scandal did they to realise that they had exceeded their overdraft limit with the Nation] Westminster Bank.

one penny piece of compensation. political and military power.

In 1964 the Ferranti management operated a real fiddle with a Ministry of Defence contract and only after a reluctantly re-pay [4.25 million back.

This same shrewd businesslike management woke up the other day The demand should be for the nationalisation of Ferrantis, without Hawker Hunter jats despite instructions from the AUEW Executive to lift the ban.

months we have falt that eight pages is inadequate to deal with That nationalisation should be carried out under workers' control, Workers at Ferranti should make plans to occupy their factory to fight redundancies and make sure these measures can be implemented.

NO ANSWER The bankrupt policies of Wilson and company offer no answer.

If accepted they will divide and wenken the working class.

Workers at Ferrantis and hundreds of other factories have to decide A similar, and equally successful demonstration was also held in Glasgow the previous day. A special cheer was But the additional whether they should vote. Labour. Our answer to that is an unequivocal yes. Not because we believe Labour has any solution to their problems but because under & Labour Government they will have the best conditions to fight for working class sol tions to the crisis.

By occuptions of factories and the seizure of capitalist assets the working class can force Labour to ratify these actions.

BOB PENNINGTON Photo: CHRIS DAVIES (Report)

aspecially with the huge increase in the price of paper over the past faw months, has forced us to

← PICKET BOOSTS STRIKEFIRST ANTI- JAILED →

Something wrong on this page?