Showing posts with label ldv. Show all posts
Showing posts with label ldv. Show all posts

Friday, 12 June 2009

What have you let yourself in for Mr Hain

I didn't watch question time this week but this is a classic as Peter Hain on his return to Cabinet may be wondering whta he has let himself in for.

The question comes from an LDV worker




Ht-Steven Green

Monday, 8 June 2009

LDV bites the dust

So LDV finally slips into administration this morning after attempts to sell it as a going concern failed over the weekend.

It is estimated that 850 direct jobs as well as 1200 in dealerships and many more indirectly could be lost after negotiation with the Malaysian Company broke down and the government could not be persuaded to loan £60m to secure the firm.

That figure may be less significant as the Birmingham post estimates that closure could

cost the Treasury up to £53 million in unemployment benefits and lost taxes in one year alone.