Do you know your car's MoT and mileage history? Our user profiles will show you for FREE | No thanks

Exhall Firm Closure Threatens 350 Jobs

28 March 2000

The general manager of an Exhall factory threatened with closure says its fate is nothing to do with the difficulties at Rover.

More than 350 staff at Key Plastics in Bayton Road, Exhall, were warned yesterday that their jobs were at risk.

The firm supplies injection components to companies in the automotive industry across Europe, including Rover.

Staff were told that the parent company in America has gone into a form of administration called Chapter 11 Protection to protect their creditors from the risk of losing money owed to them.

General Manager David Hargreaves said that contrary to some reports, the problems the company faced were nothing to do with the crisis at Rover.

He said:

"The problems within the company are nothing to do with the issues at Rover.

"The company has been loss-making for a while and the issues that are here are issues that have been around for quite a long time."

Mr Hargreaves added that the future was uncertain for both the factory in Exhall and a smaller plant in Tamworth, which employs 50 people.

He said that the firm had been going for well over 35 years.

More news from the archive

Thu, 16 Mar 2000
Full statement by BMW on its break-up of Rover Cars. The Board of Management of the BMW Group has decided this week on the principal...
Fri, 17 Mar 2000
Ford is to buy Land Rover from BMW, completing the German company's break-up of the Rover group. The US car giant said it had a memorandum...
Mon, 20 Mar 2000
Thousands of jobs could be at risk in Coventry and Warwickshire because of the sale of Rover by BMW. But 2,400 jobs at Gaydon are...
Sat, 25 Mar 2000
At a meeting yesterday (24 March) between the Rover Dealer representatives and senior executives at Rover, a constructive discussion...
Sat, 25 Mar 2000
The head of Rover has blamed the government-backed campaign against "rip-off Britain" for contributing to its sales crisis. Professor...
Tue, 28 Mar 2000
One of the most militant trade union shop stewards of the 1970s has said that the decade's notorious strikes are not to blame for Rover's...
Mon, 03 Apr 2000
BY ANTONY HOPKER Rover designers who moved from the Gaydon plant to work for BMW in Germany are returning to an uncertain future after...
Thu, 06 Apr 2000
BY ANTONY HOPKER Up to 1,500 jobs could be lost in Coventry because of the Rover sale, but experts are still optimistic about the...
Thu, 06 Apr 2000
A former chief executive of Rover is reported to be planning an alternative bid for the car group. BMW announced last month it planned...
Mon, 10 Apr 2000
Hundreds of millions of pounds of government money should be used to make Rover a public company, according to a Socialist councillor....

Ask Honest John

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93


60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.