Home > Great Britain > Van maker LDV collapses into administration: Business: guardian.co.uk

Van maker LDV collapses into administration: Business: guardian.co.uk


ldv

I hope it is not too late for the government to act to save the jobs of 850 workers at LDV and the thousands of related jobs at stake. A Labour government has bent over backwards to assist the banks with billions and something should be done to save the jobs and communities of workers associated with LDV. Failure will only mean more votesfor Labour will disappear as the government looks the other way.

Elena Moya & Graema Weardon in THE GUARDIAN: “The Birmingham-based van maker LDV fell into administration today after teetering on the brink for months when a prospective bidder failed to raise enough money. As many as 3,000 jobs at dealers and suppliers have been put at risk by the failure of the firm, which has already made most of its staff redundant.

PricewaterhouseCoopers has been appointed administrator of LDV Group and a parts supplier, Birmingham Pressings. The two firms employ about 850 people at their offices and plant in Drews Lane, Birmingham. About 40 staff will be kept to maintain the site, PwC said. Most redundancies came after the plant shut in December as the firm ran out of cash…”more

via Van maker LDV collapses into administration | Business | guardian.co.uk .

Reblog this post [with Zemanta]
Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: