Dee Valley Water decision: “workers deserve better than this”

Llyr Gruffydd, Plaid Cymru’s North Wales AM, said: “The takeover of Dee Valley Water by Severn Trent is not good news for staff, local suppliers and the Welsh economy. Jobs will be lost and the local supply chain will suffer.

“Small shareholders have been disregarded by the judgement while big corporate shareholders will be laughing all the way to the bank due to today’s ruling.

“Dee Valley provides a good service for customers and its water bills are lower than that of Severn Trent. In the wake of the judgement in London today, I am writing to Severn Trent to ask for assurances for both staff and customers. This takeover has raised many questions about the future of the water industry in Wales and I suspect the ripples will continue way beyond Dee Valley water.

“The campaign to ensure Welsh water services were run from Wales and for the best interests of people in Wales is one that will continue, whatever the verdict today. The workers at Dee Valley Water deserve better than this.”

Details of the takeover judgement here:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/DVW/13121208.html

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