Discovery and the Scottish Yeast Company

Nancy Hubbard

Chapter 10 in Acquisition, 1999, pp 226-238 from Palgrave Macmillan

Abstract: Abstract This acquisition demonstrates how the companies’ previous histories can dramatically affect the current acquisition. Whereas the previous chapters looked at targets with no history of being acquired, Discovery took over a company with a long and traumatic history of being a target. On top of this, Discovery wanted to make far-reaching changes which would cause further upheaval within the workforce. Like Service Conglomerate and Anglo-American, Discovery wanted to make operating changes, then run the company via financial controls without merging the business into existing functions or units. What is interesting is that while Discovery introduced changes far more revolutionary and negative in terms of redundancies than those at Quality Guarding, the long-term effects on the workforce were not nearly as potent.

Keywords: Trade Union; Active Yeast; Human Resource Function; Beef Flavouring; French Food (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14870-7_11

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DOI: 10.1007/978-1-349-14870-7_11

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