Looking Back: The Lucas Aerospace Plan
In 1976 the Lucas Aerospace Company was faced with the
prospect of making up to 20% of its 18,000 workers redundant. Lucas was a big
conglomerate that had just come into existence, partly with the support of the
1974-79 Labour government’s industrial policy. They wanted to create ‘national
champions’ and thought ‘big is beautiful.’ Not if you’re going to lose your job
as a result, it isn’t!
