§ Mr. TippingTo ask the President of the Board of Trade if he will detail the present involvement of former 759W employees of British Coal in the ownership and management of new companies formed following the privatisation of British Coal; and if he will make a statement.
§ Mr. EggarTower Colliery was purchased by a team of its former employees and the South Wales regional coal company was purchased by a management buy-out team. Bidders' proposals for employee participation were taken into account in the selection of preferred bidders for the regional coal companies and care and maintenance collieries. The purchasers of the regional coal companies have all undertaken to provide the opportunity for employees to acquire shares.