£3 Redundancy for Rover staff

Canonite · 3rd May 2012, 07:20

Well this was a long hard battle for some people. Absolutely disgusting the way they've been raped by the Phoenix Four.
Article here: http://www.guardian.co.uk/business/2...?newsfeed=true

Pauly · 3rd May 2012, 07:46

Just heard this on radio 4, ......CROOKS... there not all locked up? are they....
Paul

trebor · 3rd May 2012, 08:34

Yes and it's £3 less postage !

It's an insult 6,000 workers get £3 that's £18,000 in total yet the Phoenix 4 walked away with millions !

And did they continue living the high life after the demise, you bet they did

http://www.mirror.co.uk/news/uk-news...the-men-127615

190180135 · 3rd May 2012, 08:58

NO MORE THAN BMW BOUGHT COMPANY TOOK WHAT THEY WANTED THEN LEFT IT TO THE WOLVES. SIMILAR ACTION LIKE ALL ASSET STRIPPERS

topman · 3rd May 2012, 09:39

Very poor state of affairs.

Banjo · 3rd May 2012, 09:57

It is disgraceful, but perhaps not unexpected. I notice that our wonderful journalists have not taken enough care with the article to get a picture of car production at the right factory - or indeed the right company. They are showing a picture of Land Rover production.

AURORA MG · 3rd May 2012, 10:00

From what I heard from a worker at MG Longbridgde at the P.O.L who was a former MGR worker too the then LABOUR Government were just as much to blame too in as much as when the Phoenix 4 went to China to sign the deal with SAIC the U.K Government pulled the plug while the P4 were on the plane home = Now that is a discrace.
The LABOUR Government also would not give MGR a £100,000 bridging loan for 1 week which also forced the closure yet a few months later gave Peogeut £4,000,000 to build a new paint plant (but failed to state where it had to be built) = Pug closed Ryton in Coventry & built the paint plant in Poland with your taxes.
So in my oppinion they were just as bad as the 4 if not worse!

MrDoodles · 3rd May 2012, 10:12

Quote:

Originally Posted by 190180135

NO MORE THAN BMW BOUGHT COMPANY TOOK WHAT THEY WANTED THEN LEFT IT TO THE WOLVES. SIMILAR ACTION LIKE ALL ASSET STRIPPERS

It's very easy to slag off BMW, but some people need to remember that if they hadn't bought Rover in 1994, the Factory would have closed 11 years sooner than it did and the 75/ZT would never have been produced!

They were also losing £1 Million a day and the losses actually threatened the survival of the parent Company.

At the end of the day, BMW made the right Commercial decision to "sell" (for £10) the Group, as they are a Ltd Company with shareholders, not a charity!

The problems with MG Rover, stem back a lot further than just under BMW's ownership and can be traced back to the feud between Lord Austin and Herbert Morris and the fact that neither actually knew what a car actually cost to produce and that despite producing the biggest selling car in the 1960's, lost money on every car they sold!

topman · 3rd May 2012, 10:16

Quote:

Originally Posted by MrDoodles

It's very easy to slag off BMW, but some people need to remember that if they hadn't bought Rover in 1994, the Factory would have closed 11 years sooner than it did and the 75/ZT would never have been produced!

They were also losing £1 Million a day and the losses actually threatened the survival of the parent Company.

At the end of the day, BMW made the right Commercial decision to "sell" (for £10) the Group, as they are a Ltd Company with shareholders, not a charity!

The problems with MG Rover, stem back a lot further than just under BMW's ownership and can be traced back to the feud between Lord Austin and Herbert Morris and the fact that neither actually knew what a car actually cost to produce and that despite producing the biggest selling car in the 1960's, lost money on every car they sold!

Good post, although BMW is often painted as the villian in all this it goes back much further.

Still £3 is nothing. There should be more, but at least we'll get some money back through bank loans repayed through taxpayer owned banks.

MrDoodles · 3rd May 2012, 10:31

Quote:

Originally Posted by topman

Good post, although BMW is often painted as the villian in all this it goes back much further.

Still £3 is nothing. There should be more, but at least we'll get some money back through bank loans repayed through taxpayer owned banks.

Thanks, it just annoys me when BMW get slagged off about this all the time!

As for the redundancy package, it's disgusting what happened to a loyal workforce and the blame does lay with the Labour Government of the time!

The daft thing is, that most of those that were made redundant, will still vote for them!

3rd May 2012, 07:20	#1
Canonite This is my second home BMW 330d Tourer, MG ZT 180 SE XPG, VW Polo 6R 1.2 TDI Bluemotion Join Date: Jul 2011 Location: York Posts: 6,024 Thanks: 363 Thanked 574 Times in 319 Posts	£3 Redundancy for Rover staff Well this was a long hard battle for some people. Absolutely disgusting the way they've been raped by the Phoenix Four. Article here: http://www.guardian.co.uk/business/2...?newsfeed=true

3rd May 2012, 07:46	#2
Pauly Loves to post Rover 75 Tourer 2.5 V6 with a Rottey asleep in the back... Join Date: Dec 2011 Location: Epping Posts: 339 Thanks: 39 Thanked 7 Times in 7 Posts	Just heard this on radio 4, ......CROOKS... there not all locked up? are they.... Paul __________________ [SIGPIC][/SIGPIC]My 4th Rover, 1st, Rover Metro Rio,... 2nd,Kensington Green Rover 414i,... 3rd White Gold Rover 600 2.0l si ,... Other Car Marine Blue Dodge Caliber 2.0 ltr Sport Auto SXT. Membership No: 001 118 This vehicle was the 17th 75 Tourer in Cimarron Green to be made out of 161 Cimarron Green 75 Tourers

3rd May 2012, 08:34	#3
trebor This is my second home Rover 75 CDTi Connoisseur SE & MG ZT Saloon 190 Join Date: Jun 2007 Location: Coven Posts: 12,523 Thanks: 526 Thanked 1,877 Times in 885 Posts	Yes and it's £3 less postage ! It's an insult 6,000 workers get £3 that's £18,000 in total yet the Phoenix 4 walked away with millions ! And did they continue living the high life after the demise, you bet they did http://www.mirror.co.uk/news/uk-news...the-men-127615 __________________ www.midlandsnanomeets.co.uk Robs Car Gallery Coven near Wolverhampton WV9 2000 Cowley Built Rover 75 2.0 V6 Club SE/ Atlantic Blue/ Sandstone/Walnut (daily driver) 2003 Land Rover Freelander 1 TD4 HSE Helsinki Blue/Black Leather (swmbo daily driver)

3rd May 2012, 08:58	#4
190180135 Avid contributor zt-t190 ztCdti zt190 ROVER75 CONNIE SE Join Date: Nov 2011 Location: bury st edmunds Posts: 121 Thanks: 0 Thanked 1 Time in 1 Post	crooks? NO MORE THAN BMW BOUGHT COMPANY TOOK WHAT THEY WANTED THEN LEFT IT TO THE WOLVES. SIMILAR ACTION LIKE ALL ASSET STRIPPERS __________________ my other cars a zt-t+ my other other cars a zt CDTi+ and now my other other other car is a zt190+

3rd May 2012, 09:39	#5
topman This is my second home MG ZT-T 190 Join Date: Jun 2009 Location: Lincolnshire Posts: 5,493 Thanks: 372 Thanked 647 Times in 534 Posts	Very poor state of affairs.

3rd May 2012, 09:57	#6
Banjo Posted a thing or two MG6 Magnette 1.8 Tci SE Join Date: Jun 2009 Location: Shrewsbury Posts: 1,300 Thanks: 19 Thanked 27 Times in 27 Posts	It is disgraceful, but perhaps not unexpected. I notice that our wonderful journalists have not taken enough care with the article to get a picture of car production at the right factory - or indeed the right company. They are showing a picture of Land Rover production.

3rd May 2012, 10:00	#7
AURORA MG Banned (EX)-ZT-T190SE in Aurora. Join Date: Jan 2007 Location: Medway Posts: 2,954 Thanks: 42 Thanked 53 Times in 46 Posts	From what I heard from a worker at MG Longbridgde at the P.O.L who was a former MGR worker too the then LABOUR Government were just as much to blame too in as much as when the Phoenix 4 went to China to sign the deal with SAIC the U.K Government pulled the plug while the P4 were on the plane home = Now that is a discrace. The LABOUR Government also would not give MGR a £100,000 bridging loan for 1 week which also forced the closure yet a few months later gave Peogeut £4,000,000 to build a new paint plant (but failed to state where it had to be built) = Pug closed Ryton in Coventry & built the paint plant in Poland with your taxes. So in my oppinion they were just as bad as the 4 if not worse!