Rover

[FriedFrog]

It's appalling that this had to happen.
It was obvious that MG Rover was doomed to failure, so they should have made plans to make the loss of the plant less damaging on the area, IE, laying workers off in stages and using the money left to help them for a few months whilst they looked for jobs. That way there would not be an immediate loss of jobs and far less short and long term damage done.
The local economy is going to be put under huge strain as there are so many other companies reliant on the MG Rover plant, and families who relied on the plant for jobs will be struggling to make an income now.

In my opinion, this huge loss was completely unnecessary.

[thenonliberator]

i totally agree Englands industries have gone down the drain over the last 20 years,this is just what happens when we let idiots take over
we should never have got rid of the unions

[h&s]

OK, I'm sure that everyone in the UK knows what I'm talking about here, but for others I'll briefly explain:
MG Rover is a car manafacturer in the UK that has always been in some sort of trouble, and 4 or 5 years ago it was bought out by the 'Phoenix Group' (four big capitalists) with government help for £10. This company they inherited off BMW included about £400,000,000 of assets. Today this money has run out, the company has been making a 'loss' and following the failure of a Chinese takeover bid, has now been shut down making 5,000 redundant (with 15,000 other jobs threatened in supply industries) with little redundancy pay, and a £67,000,000 pension black hole.
Meanwhile the Phoenix Four have taken £40,000,000 out of the company, split off parts of it to carry on running and payed in £60,000,000 into their personal pension fund.
Don't you just love capitalism?
Please discuss.

[bolshevik butcher]

yes, capitalism always has ups and downs, and it's in it's very nature for tradgedies like this to happen.

[h&s]

Originally posted by NoMan,[email protected] 18 2005, 04:02 PM
It's appalling that this had to happen.
It was obvious that MG Rover was doomed to failure, so they should have made plans to make the loss of the plant less damaging on the area, IE, laying workers off in stages and using the money left to help them for a few months whilst they looked for jobs. That way there would not be an immediate loss of jobs and far less short and long term damage done.
The local economy is going to be put under huge strain as there are so many other companies reliant on the MG Rover plant, and families who relied on the plant for jobs will be struggling to make an income now.

In my opinion, this huge loss was completely unnecessary.
Why was it obviously doomed to failure? Just because a compnay isn't making a profit doesn't mean that it is failing - thats a capitalist view. Industry is there to provide work and wealth for the workers. Rover was making enough to pay its workers, or it would easily have been changed to make that so.
If Rover was under working class control the workers could be running the company succesfully today.
A perfect example for the need for revolution... :P


we should never have got rid of the unions
We didn't, did we? :unsure:

[FriedFrog]

Why was it obviously doomed to failure? Just because a compnay isn't making a profit doesn't mean that it is failing - thats a capitalist view. Industry is there to provide work and wealth for the workers. Rover was making enough to pay its workers, or it would easily have been changed to make that so.
If Rover was under working class control the workers could be running the company succesfully today.
A perfect example for the need for revolution...

I guess so. As, like you said, this is a capitalist society, it was failing in that sense of things, ie not bringing in a profit, so it was 'doomed to failure' in the current society.

I think the government should have done more to keep it afloat. According to the MG Rover supporter group, they were just months away from releasing a new line of cars which could have brought more interest into the brand and boosted profits, in order for it to stay open.

I know that was a very capitalist way to look at things, but that's the society at present and, unfortunately, money comes before livelihoods.