176 redundancies at taxi firm

1st November 2012 | 0 Comments
 

Following the London taxi manufacturer Manganese Bronze being put into Administration, the Administrators have made 176 staff redundant. 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."

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , ,

Category: News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]