Articles about ‘MG Rover’
Nov 30
A sad end to the saga of the MG Rover trust fund
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. Read more
MG Rover trust fund
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 but it is a sad end to the saga of the Trust Fund. Read more
Phoenix Four should put up and let former workers move on
It is now more than seven 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 years of waiting, former workers are now being told they will receive just £3 each. That is nothing more than an insult to the people who did everything that was asked of them by the Phoenix Four and ended up losing everything. Read more
MG Rover trust fund
It is now more than seven 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.
You may have seen the report in today’s Birmingham Mail about a High Court ruling against Phoenix Venture Holdings’ application for HBOS to disclose financial information relating to the disposal of 8,000 cars. Read more
Launch of MG KX Momentum BTCC Racing Team
Pleased to have the chance to talk to racing driver Jason Plato at the launch of the MG KX Momentum BTCC Racing Team at the MG factory in Longbridge.
