Jesus, is Nick Owen slowly morphing into Alan Partridge? I don’t remember him being so Partridge on the sofa, that scene with the Chaplain was priceless.
The world is unfair. Rich guys will always get their way. Wash their hand in innocence and walk away. The sucker remains the worker. What about that is actually new, I dare to ask.
So let me get this right mg rover collapsed leaving workers with a poor redundancy yet the pheonix 4 walked away with 42 million pounds could that not be a bit illegal
Its probably not that straight cut and dry. What likely happened was the Phoenix 4 gave MG Rover £42m in directors loans, so when the company went into administration, those directors loans would've been first in line for repayment after sale of assets, which is nothing out of the ordinary when a company winds up operations. Workers are usually the last in line as creditors.
@@MrJustapersn I think they also paid themselves huge salaries and bonuses over the 4 years or so they ran the place. They also splashed the companies cash on extravagant entertainment, hiring private jets for golf trips and other shit like that. I don't think they gave a shit about the company surviving they just milked it as long as it lasted and then retired with their pockets full when it collapsed. Even as late as 2000 it may have been possible to save the company with the right people in charge.
@@bobbyrayofthefamilysmith24 Agreed. BMW offered the R30 for £300m which would have given Rover an up to date Focus/Astra/Golf rival that was pretty much ready to go, and would have been a volume seller in the way the R8 was. The Phoenix lot didn't even negotiate, or try to raise the funds. Instead they launched a supercar and a badge engineered £3,000 Tata
7:56 ROVER FACTORY ROVER LONGBRIDGE OPERATIONS ROVER GROUP 😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😱😭 CLOSED MG) OPEN ROVER FACTORY SERIES 100 200 400 600 800 25 45 75 ) ROVER 416 SI SEDAN 1600CC RED
One key thing to take away from this is that attitude is everything, it's terrible for those who lost their jobs but surely they couldn't have been so surprised? I visited the factory in 2003 and it was obvious even then it wasn't going to fly, they were building ten year old cars, in a completely disorganised facility.
I wonder how many of the workers at MG Rover where around in the 1960's and '70's, working for British Leyland? Sad day, when the company went bust. Tony Blair didn't do anything to help save the company, simply by using the rubbish excuse of saying that it would be unfair for the rest of the car making industry in the EU. Didn't the French and Italian governments save both Renault and the FIAT Group. Now we have found out that Blair couldn't we trusted with a chocolate teapot. Hold your head in shame Blair you warmonger.
@@Ineverreadreplies he said UNSKILLED and £9 an hour was great money back in 2005. £4-5 an hour was normal for unskilled people back then. You'd need skills to justify £9 in most other industries.
Did not signing the EU Maastricht Treaty mean that UK industry would be education, IT, banking, cookery, needlework and services unless owned by other EU countries. Germany opted for vehicle and machine manufacture.
Don't complain. A company is a company from the President/CEO/Chairman all the way down to the janitor. If you do a shoddy job, you fail. There is no reason to complain about the governement or Tony Blair or any other public entity. I don't get saved by anybody either. So, you should have built better cars. The End.