Manganese Bronze makes redundancies at Coventry office and dealerships

1 Nov

More than 150 workers at collapsed black-cab maker Manganese Bronze were made redundant yesterday. The job losses – 99 of the 176 based at the Manganese head office in Coventry, and 57 of 98 employees at dealerships – came 24 hours after the firm had to call in administrator PricewaterhouseCoopers after failing to gain new funding.

Trade union Unite expressed “outrage” at the redundancies and called on the government to step in to save the company. National officer Roger Maddison said: “Only last night PwC was telling us there were significant interested parties [that might buy the business]. Now the administrators are ruthlessly sacking over 150 highly skilled workers.

“The black cabs are world-famous and we believe this company has a future. How can PwC treat this company as a going concern with virtually no staff? The black cab is part of Britain’s car manufacturing heritage. The government must now be on standby to save this historic company from being left to the vultures.”

Manganese was hit by a number of problems, including a black hole in its accounts and, most recently, a major vehicle recall after a steering fault became apparent.

Matthew Hammond, joint administrator and PwC partner, said: “Regretfully, without financial support to overcome the group’s operational issues, we have had to make staff redundancies. While the steering box recall remains, there is a voluntary suspension on vehicle sales, and we are now concentrating all resources on testing the solution to the steering fault. We have retained sufficient numbers of staff across the dealership, head office and production network to address the operational, technical and financial circumstances that the business faces.”

http://www.businessownersdirect.com/sales/

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