MG Rover workers to receive £3 redundancy compensation

Posted 02/05/2012

Former members of staff at Britain’s last carmaker MG Rover are set to be given just £3 in redundancy payments after a seven-year fight.Campaigners were given the news at a meeting earlier in the week and this has led to calls being made for John Towers, Nick Stephenson, John Edwards and Peter Beale – the businessmen who took over the firm in 2000 – to supplement the fund, reports the Guardian.Carl Chinn, a trustee of the former employees’ fund, urged the quartet – who reportedly paid themselves and managing director £42 million – to “search their conscience” for the “goodwill” to help out those who lost their jobs in 2005.He added: “But as they have been ignoring my calls for four or five years, I’m not holding out much hope.”Earlier this month, National Australia Bank announced 1,400 members of staff at Clydesdale Bank and Yorkshire Bank are facing redundancy.Posted by Ross Strowger