Rosebank Industries CEO cites U.S. employment flexibility as reason to invest in American manufacturing
Simon Peckham, chief executive of Rosebank Industries, stated that the company is focusing on investing in struggling US manufacturing businesses due to more flexible labor laws compared to the UK and Europe. He noted that 'at-will' employment rules in America allow for quicker restructuring decisions without being hindered by strict employee protection regulations. Peckham emphasized how this flexibility enables faster business transformations, contrasting it with recent shifts in the UK toward stronger worker protections, which he believes discourage hiring and complicate restructurings. He also highlighted broader advantages of operating in the US, such as a larger market size and more favorable attitudes towards wealth creation. The CEO previously led Melrose Industries before co-founding Rosebank in 2024 with Christopher Miller. The company has already acquired several U.S.-based industrial firms.
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Topics: Company Turnaround Employment Law International Investment