Rover has breathing space of a week
LONDON (ANP/RTR/AFP/DPA) - the destitute British car
manufacturer MG rover has got a breathing space of a week, thus the
bewindvoerders Monday.
The time to zoeken a solution for netelige the situation for the
venture and is 6000 employees got them of the government in London.
Those let to be possible to a credit of 6.5 million supply pond
(9.5 million euro).
The largest problem had the bewindvoerders rapidly above water.
The groupgroup group loses each month 20 millions bewindvoerder
Ian Powel in Birmingham, this way declared up to 25 millions pond (29
millions up to 36 millions euro). Without the financiële
support from London the autofabikrant in lung bridge will have had
dismiss irrevocable workers. That threat for the
employeeemployee employees, who have been sent Monday with their
remunerations to house, and for once more 18,000 staff members 15,000
at subcontractors in the same region, it has been postponed to next
week. The production in the factories which end had been last
week stopped, has not been resumed Monday.
How large the overlevingskansen for rover is, Monday was not yet
clear. The European Commission will follow the emergency
procedure concerning the support of London to rover. Officially
to EU-MEMBER states can grant no state support without the Commission
has been informed about this, but these will establish themselves in a
flexible way, seen the tijdsdruk with which rover has to contend.
The bewindvoersers from several sides interest have received and
but of the geïnteresseerde parties none was prepared put money
available to keep the company twisting. Also the Chinese car
producer Shanghai Automotive Industry Corp (SAIC) let by means of a
spokesman know that "agreed highest improbable was", now rover is
conducted bewindvoerders.
According to Tony Woodley, general secretary of the trade union
TGWU, the Chinezen fixed to the negotiation table wants return if they
can be persuaded of it that by the delay of payment a number of costs,
among which that of the pensions, no longer paid to need become.
"here best still something can be made."
Friday the financiële problems had become at rover acute
then appeared that SAIC, with which rover had negotiated already
months want no cooperation treaty with the British car builder close
as long as the government in London no overbruggingskrediet of 100
millions submitted pond (145 millions euro). London took
correctly the point of view in that firstly the agreement with the
Chinezen had be signed for the government the loan would supply.
The bewindvoerders have next week observed no improvement in the
situation, then must them decide "that we can no longer permit keep
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Source "rover has breathing space of a week": telegraph
Head index page of "rover has breathing space of a week"
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