BREAKING NEWS: 156 redundancies announced at taxi maker Manganese Bronze
MORE than 150 staff at collapsed Coventry taxi maker Manganese Bronze have lost their jobs, administrators confirmed today.
PwC said that due to the firm’s financial difficulties it had been left with no option but to wield the axe.
The 156 redundancies are thought to include around 80% of the shopfloor staffs. Workers at the plant reacted angrily to the announcement today, although the move had been widely anticipated.
Matthew Hammond, joint administrator and PwC partner – who broke the news to staff, 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.”
In total 108 staff have been retained or laid off. The 12 that have been laid off have been sent home on partial pay and will be called back into work should vehicle production start up again.
