Today a £14 million fine was imposed on Deloitte & Touche for their advice to the MG Rover Group and the “Phoenix Four" directors.But as we watch another twist to the MG Rover drama unfold, it’s important to remember what was important then – and what is important now. That is the 6000+ MGR workers who lost their jobs in the collapse, and the communities whose identity “the Austin” factory...
Opening @mgmotor new design studio today – welcoming launch of brand new #MG3. Next step for #Longbridge future twitter.com/RichardBurdenM…
— Richard Burden MP (@RichardBurdenMP) June 12, 2013
I was delighted to attend the Pride of Longbridge on Saturday. By respecting our community’s heritage, we can help build our community’s future.
I was also fortunate enough to present the prizes with Simon Bennett from Longbridge’s MG Sales Centre for the very first MG CD Racer Competition.
As you may have seen in the local news, yesterday the trustees of the MG Rover trust fund visited the Acorns hospice in Selly Oak to officially present Acorns with a donation of £23,000.
This comes at the end of the long and sad saga of the trust fund set up for former MG Rover workers when the company collapsed in 2005.
Last week saw an end to the long and sad saga of the MG Rover trust fund.
It is now more than seven and a half years since the Phoenix Four made their promise to set up a trust fund for former MG Rover workers, when the company closed in 2005.
After seven and a half years of waiting, the money – initially anticipated to be in the millions – has never appeared.
The Birmingham Post has reported today that the MG Rover Trust Fund is to be wound up after over seven years – without a penny going to the 6,500 former workers who lost their jobs in 2005. The trustees seem to have given up hope of the Phoenix Four ever putting the funds in to the trust which they led employees to believe they would. If reports are true, the trustees’ decision may be realistic...