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

Gaydon Jobs Safe In Rover Sell-off

20 March 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 safe as they will be transferred to Ford as part of the £2 billion sale of the Land Rover division.

Hundreds of firms in the area are waiting to find out if their contracts to supply the Longbridge plant will survive the sale of the firm to Alchemy.

Business leaders say around 400 firms in Coventry and Warwickshire face an uncertain future while the exact implications of last week’s sale become clear.

Alchemy plans to run the Rover operation down at Longbridge, with only a fraction of its 8,000 workforce expected to stay on.

Eventual plans are to switch production to a high-quality sports car under the MG badge.

Shifts were being cut back at the factory today, with workers being told they could lose up to £80 of their monthly pay.

Rover’s headquarters at the Warwick Technology Park will be switched to Alchemy as part of the main deal.

Isabella Moore, president of the Coventry and Warwickshire Chamber said: "Concerns remain about the impact on jobs down the supply chain throughout our region. We appreciate it is early days yet, but we also have concerns on the impact of lower volumes of supplies. There are probably 400 suppliers in Coventry and Warwickshire who are in some way or other dependant on Rover business.

"We are concerned that some thousands of jobs will be lost in the area in the automotive supply chain."

Nick Madeley, area director of The Chamber, said the deal with Alchemy seemed "to be the best available right now, although very risky."

He added: "The MG brand may have a more secure future as a low volume niche player than Rover cars would have had. The Chamber always had some doubts about the viability of the BMW plan - and sadly we have been proven correct."

Help and support is being offered to any firms in the area that have been affected by the move. Contact The Chamber’s information department on 01203 654321.

More news from the archive

Thu, 16 Mar 2000
Full text of statement by venture capital group Alchemy Partners on its acquisition of Rover Cars from BMW. Alchemy Partners is pleased...
Thu, 16 Mar 2000
The Rover Group was cobbled together from the remains of British Leyland, the state firm that combined all the mass production carmakers...
Thu, 16 Mar 2000
The break-up of UK car maker Rover has been described as "devastating" news for Birmingham. Leader of Birmingham City Council, Albert...
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...
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
The general manager of an Exhall factory threatened with closure says its fate is nothing to do with the difficulties at Rover. More...
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...

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.