Land Rover Acquisition Essay Example | Topics and Well Written Essays - 1000 words

Land Rover Acquisition - Essay Example Tata Motors took $3bn ($2.3bn for purchasing JLR and the remainder for supplying important parts that included engine and other parts from Ford) bridge loan so as to fund this acquisition at $2.3bn with the aim of paying back a part through right issue, its stake sale in other subsidiaries and raising the rest through long term debt. The bridge loan was raised by Tata Motors, UK (which is a 100% subsidy of Tata Motors). The margin of the interest for the initial 6months on the bridge loan was 85% over LIBOR, followed by 1.2% for the following three months and then up to the end of term at 1.5% ( Gaughan, P. A. 2011). The same was intended to be pated through the rights issue, issue of securities overseas and its portfolio investments divesting. Before, Tata Motors requested to secure the funds using three simultaneous right issues, of which, of which one was o.5% convertible preference shares. However, the company was forced to share its plan for issuing the convertible preference sh ares as the prices of the share of the company fell greatly and remained low till as recent as August 2009. The other 2 rights issue (one was meant to earning Rs.21.86 billion with each other share at Rs.340/- with every share priced at Rs. 305/-) was not able to generate the expected amount of subscriptions from the share holders and required to be bailed out by company’s promoters and the underwriters. Tata Motors was hoping from the past record with both Land Rover and Jaguar would be able to earn enough funds.

HRM - Industrial relationship Essay Example | Topics and Well Written Essays - 3000 words

HRM - Industrial relationship - Essay Example The paper starts by explaining the meaning of employee relations then goes on to outline and evaluate the rationale behind the claim that partnerships are more important in the creation of fruitful employee relations. A conclusion summarising the main points discussed in the essay will be given at the end. In order to gain a clear understanding of the concept of employee relations, it is imperative to begin by explaining its meaning. â€Å"Employee Relations involves the body of work concerned with maintaining employer-employee relationships that contribute to satisfactory productivity, motivation, and morale.† This definition can be viewed from the following website . Basically, employee relations is mainly concerned with resolving problems or conflicts that may arise at workplace and the major aim is to improve the performance of the workers towards the attainment of the set organisational goals. The other aim of employee relations in the workplace is to correct any kind of misconduct where information is passed to the employees so that they will be better positioned to understand the goals of the management and the organisation as a whole. Employees are also advised about their rights and obligations and their participation as well as involvement in the decision making process is done through unions within different organisations. These unions would represent the grievances of the employees in a bid to create a conducive environment that will promote good employee relations. According to the to the Chartered Institute of Personnel and Development (CIPD) as cited by the Learning and Teaching Support Network Guide (ND), employee involvement is ‘a range of processes designed to engage the support, understanding and optimum contribution of all employees in an organisation and their commitment to its objectives.’ This information can be viewed at . The members of the organisation are encouraged to play a part in making valuable contributions i n the decision making process of the organisation. This is believed to go a long way in fostering long term relationships between the employees and their employers for the betterment of the organisation as a whole. On the other hand, employee participation is defined as ‘a process of employee involvement designed to provide employees with the opportunity to influence and where appropriate, take part in decision making on matters which affect them.’ However, research has shown that the major difference in employee participation and involvement is that employee participation takes a pluralist approach while involvement is centred on individual concerns. In both cases, the management retains control and power of all the processes that may be involved in the decision making process. Whilst it is a noble idea to involve all the employees to participate in the decision m