Car jobs safe at Rover
31 March 1988
DAILY EXPRESS
By David Benson
Job security and a new range of cars from the Rover Group were predicted by chairman Graham Day last night following the £150 million sale to British Aerospace. He said in Manchester: "I believe the great majority of our employees – perhaps 100 per cent – are happy with this news. The 1,000 dealers who supply us will also know that their relationship with us has been preserved. Uncertainty is not good in any business."
Mr Day was allaying fears that the takeover, blessed by the Government with an extra £800 million in cash, would result in the demise of the volume car end of the business at Austin Rover. He said the giant factories at Cowley, Oxford, and Longbridge, Birmingham, would be safe under the new deal if productivity was maintained and new models introduced.
New models in the pipeline included a Rover Sterling fastback and coupe and a modified Montego. The Rover sale, which involves a Government write-off of the firm's £3.5 billion State borrowings, has yet to be approved by British Aerospace shareholders.
More news from the archive
Fri, 11 Mar 1988
THE GUARDIAN By Lisa Martineau in Tokyo and Andrew Cornelius Rover, the state-owned vehicles group which the Government is negotiating...
Mon, 14 Mar 1988
Reuters Price appears to be the only thing standing in the way of British Aerospace P.L.C.'s surprise bid to take over Britain's state-owned...
Thu, 17 Mar 1988
DAILY EXPRESS By Philip Robinson Jaguar is no longer purring along an open road , powered by the twin engines of a weak pound and...
Sat, 26 Mar 1988
NEW YORK TIMES Reuters Workers at Jaguar P.L.C.'s Coventry plant in central England have voted to go on strike over plans to increase...
Wed, 30 Mar 1988
NEW YORK TIMES The British Government announced today that it was selling the Rover Group P.L.C., the ailing car maker, to British...
Sat, 09 Apr 1988
THE GUARDIAN By Simon Beavis Jaguar, the luxury car maker whose profits have been badly hit by the collapse in the value of the dollar...
Mon, 11 Apr 1988
THE GUARDIAN Jaguar, the luxury cars manufacturer embroiled in a lengthy pay dispute with workers , has enjoyed its busiest ever three...
Fri, 15 Apr 1988
DAILY EXPRESS Hopes were high last night of averting a strike at Jaguar's Coventry car plant. Following seven hours of talks between...
Tue, 19 Apr 1988
THE GUARDIAN The threat of a strike at the car maker Jaguar was averted yesterday with an announcement that the workforce had voted...
Thu, 05 May 1988
Reuters British Aerospace P.L.C. received clearance from the British Government to proceed with its $150 million, or $279 million,...
