Redundant workers to get £3 compensation by carlpenn

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Just came across this today.

Disgraceful is all I can say, if it is true.....

It has taken seven years, but laid-off workers at Britain's last major car maker, MG Rover, look to have secured a tasty redundancy package from their former employers.

The compensation fund is £22,000, meaning each of the 6,500 workers will receive a massive £3.

That's right, £3. And this from a manufacturing company whose owners took away £42m (they bought MG Rover for £10 in 2000 to huge cheers from the factory staff).

Understandably, this news has not gone down well with the former workers as they were promised a share of over £50m when the plant closed in 2005. They clearly weren't warned just how small that share would become.

From: ... 05&_nwpt=1

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Posted 03 May 2012, 20:42 #1 

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Wella friend tells me that's what he's getting.

Posted 03 May 2012, 21:18 #2 

They are going to ask the Phoenix 4 to chip in to the fund - I wonder if they will use one finger or two to signal their answer.

"Don't think of them as problems, think of them as opportunities."
"OK, I think I've hit an insurmountable opportunity!"


Posted 04 May 2012, 07:38 #3 

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£3 minus the postage cost - i will post a pic of mine when/if i get it.
Ex-Longbridge track monkey.

Posted 04 May 2012, 17:35 #4