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Latest report is in fact that MG Rover are in fact in recievership.
News announced tonight that MG Rover has called in the administrators, after a day of bad news leaks and rumours.
Living literally just a couple of miles from the plant, this is desparate news for the area.
(Edited by Alchemist at 11:21 pm on April 7, 2005)<br>
(Edited by Alchemist at 11:27 pm on April 7, 2005)
Yes, it’s awfully bad news for the workforce. As someone who has been made redundant a couple of times in recent years, they have my sympathy.<br> Don’t think any (more) taxpayers money should be wasted on Rover though. Pity none of the main political leaders didn’t have the nuts to say this. Could it be that there’s an election in the offing? <br> Does anyone think Rover shpuld be baled out by the taxpayer?
What MG Rover said about themselves the other day,
The prime objective of MG Rover Group Ltd is to achieve long-term successful vehicle production by offering the highest quality standards and maximum reliability of its products and services. MG Rover recognises that traditional procedures and structures do not necessarily suit the challenges of tomorrow. We have therefore implemented a structure of inter-dependent teams that are encouraged to contribute to the process of continual improvement throughout the specific areas in which they operate. The MG Rover quality policy represents a framework of strategic targets and robust principles to help our teams to ensure they can contribute toward our long-term future. These are: <br>o Continuous improvement <br>o Customer orientation <br>o Process orientation <br>o Employee orientation <br>o Profit orientation <br>
Turns out that the chinesse own the best bits anyway, another fine mess Stanley ..
Quote: from insomniac on 8:17 pm on April 13, 2005[br]Yes, it’s awfully bad news for the workforce. As someone who has been made redundant a couple of times in recent years, they have my sympathy.<br> Don’t think any (more) taxpayers money should be wasted on Rover though. Pity none of the main political  leaders didn’t have the nuts to say this. Could it be that there’s an election in the offing?  <br> Does anyone think Rover shpuld be baled out by the taxpayer?<br>
<br>Rover has been spluttering along to varying degrees for the last 25 years. It was primarily the deal with Honda to supply engines for their Metros etc. during the 1980s which delayed this day so long.
Given that, in the last five years or so in particular, the distress signals have been evident, why on earth had no political muscles been flexed to begin the process of enticing alternative employers to set up in the area, ready (as far as one can ever be ready) for these inevitable dark days?
Jeremy<br>(graysonscolumn)<br>
(Edited by graysonscolumn at 5:41 pm on April 14, 2005)
Jeremy Grayson. Son of immigrant. Adoptive father of two. Metadata librarian. Freelance point-to-point / horse racing writer, analyst and commentator wonk. Loves music, buses, cats, the BBC Micro, ale. Advocate of CBT, PACE and therapeutic parenting. Aspergers.
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