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Rover sell off.

To: triumphs@autox.team.net
Subject: Rover sell off.
From: GuyotLeonF@aol.com
Date: Fri, 17 Mar 2000 14:38:03 EST
03/17 (15:58) BLAIR `FURIOUS' AT ROVER SELL-OFF 
  
By PA News Reporters 

A war of words exploded between the Government and German car giant BMW today 
over the Rover sell-off as the scale of "disastrous" job losses and 
production cutbacks became clearer. 

Shifts at the huge Longbridge factory in Birmingham are to be scaled down 
from Monday, costing workers about 80 GBP a month. 

New owners Alchemy Partners, a London-based venture capitalist, announced 
details of its production plans, confirming fears of substantial job losses 
in the West Midlands. 

Production will be virtually halved to about 100,000 cars a year, with 
engines and other components bought in from outside firms. 

Trade and Industry Secretary Stephen Byers, who visited Longbridge, announced 
later that a task force was to be set up to advise on how workers and 
businesses in the West Midlands could be helped. 

The group will assess the impact of job losses and draw up action plans for 
the Government and local groups. 

The task force will report to Mr Byers within six weeks. A Rapid Response 
Unit will be set up at Longbridge to help workers find other jobs and give 
them early access to training schemes. 

Meanwhile, the break-up of Rover was completed with confirmation of the sale 
of Land Rover to American car giant Ford for 1.85 GBP billion. 

Downing Street made it clear that the Prime Minister was furious that Britain 
had been kept in the dark about BMW's sell-off plans. 

Ministers are angry that German officials were discussing the sell-off of 
Rover while they were negotiating with the European Commission in Brussels 
for a 152 GBP million aid package for Longbridge. 

"That is not the way the Prime Minister believes people should do business," 
a Downing Street spokesman said. 

BMW caused fresh fury by blaming the decision to sell Rover partly on the 
strong pound and the Government's position on the single currency. 

Chairman Professor Joachim Milberg told a news conference in Munich that the 
strong pound, falling sales and the British Government policies on the 
exchange rate and whether or not to join the euro all played a part. 

Amid hostile questioning about the impact of the sell-off decision on 
Longbridge, Prof Milberg said the sale to Alchemy was the best possible 
option for jobs. 

Sir Ken Jackson, general secretary of the Amalgamated Engineering and 
Electrical Union, who met Alchemy's managing partner Jon Moulton for talks 
today, said the fault for the Rover "fiasco" lay with BMW, not the 
Government. 

"To blame the Government is absurd. BMW is wholly to blame for failing to 
produce cars that sell and then walking away from the workers." 

The Prime Minister's chief of staff, Jonathan Powell, is believed to have 
telephoned Munich and spoken to a member of BMW's supervisory board. 

It is highly unusual for Downing Street to be so outspoken about the 
Government's dealings with a commercial organisation and reflects the extent 
of the anger across Whitehall at BMW's conduct. 

That fury will be underlined by Mr Byers, who is expected to travel to 
Germany next week for talks with BMW executives. 

Mr Moulton told a packed London news conference there were now two groups of 
workers at Longbridge - those who will lose their jobs and others who will 
have a brighter future. 

It is clear that the 9,000-strong workforce will be cut, with some union 
officials privately warning of 6,000 job losses. 

Mr Moulton said fewer than 100,000 cars will be built by the new MG Car 
Company - about half the previous output. 

A new sports car is expected to be built and there will be a family saloon 
but other Rover models are likely to decline. 

A new management team, including people from outside Rover as well as some 
currently working for the car company, will be announced in the next few 
days. 

Mr Moulton said he had not asked for any Government aid before clinching the 
surprise deal and said none had been offered. 

There were no plans to sell off any of the site at Longbridge, where a new 
model could start production within 18 months. 

He refused to say how many jobs were likely to be cut, adding: "There are two 
groups of workers at Longbridge. There are people who will lose their jobs 
which we bitterly regret but that it is inevitable. 

"There is another group of workers who will have greater opportunities and 
they will not be staring over their shoulders fearing redundancy." 

Workers at Longbridge claimed production levels at the plant were to be 
reduced in the wake of the sell-off. 

Andy McNeil, 37, said shifts on the 25 series were to be scaled down from 
Monday. 

He said: "They have standardised the day shift and standardised the night 
shift. It means a drop in hours which means a drop in production, which means 
less money. I'll be hit in the pocket by about 80 GBP a month." 

Mr McNeil said workers on the shopfloor were still being kept in the dark 
about future working conditions. 

"We knew nothing about the new shifts until we were passed a briefing from 
one of the workers on the Mini line who had just finished his shift. 

"That was the first time we heard about it. I think the way we have been 
treated in a disgrace. One month ago we were brought into the factory, told 
to bring our families and shown the new Rover. We were told the future was 
rosy." 

Liberal Democrat leader Charles Kennedy said the BMW decision was "a 
devastating indictment" of the Government's policy on the euro - and called 
for Mr Blair and Chancellor Gordon Brown to "get their act together" on the 
issue. 

Shadow Chancellor Michael Portillo said: "Government uncertainty over joining 
the euro is undoubtedly destabilising businesses such as Rover. 

"If Labour had been clear about the euro as we have been in ruling it out for 
at least the lifetime of the next Parliament businesses would know exactly 
where they stood." 

Motor industry analysts today said it was inevitable that sales of Rover cars 
would slump in the short term. 

Mark Cowling, chief economist at CAP Motor Research, said consumers were 
right to be cautious about buying a Rover until they knew what was happening 
to the firm. 

But he said that in the long term he did not foresee there being a problem 
with buying a new or used Rover car. 

Mr Byers said that the £129 million of Government cash which had been 
promised to BMW would be made available to regenerate the local economy, 
funding proposals put forward by the task force. 

The minister said: "I have invited the West Midlands regional development 
agency, Advantage West Midlands, to lead a task force drawn mainly from 
partners in those areas most affected... to look at the implications of these 
decisions for the local economy." 

The 150 GBP million offer of support to BMW for the redevelopment and the 
upskilling of Longbridge, which included money from local organisations 
including the council, has now been withdrawn. 

Mr Byers added: "The Government's contribution of 129 GBP million will now be 
made available to support other projects in the area and we shall be looking 
for good quality proposals, on which to redeploy that money, coming from the 
task force. 

"I also hope that the local element of the package, which was some 23 GBP 
million, which has been put together to support the BMW redevelopment, will 
be available to be re-used locally as well." 

The task force will hold its first meeting in Birmingham tomorrow and Mr 
Byers will be in attendance. 

The minister said of his visit to Longbridge today: "I walked on the track at 
Longbridge and spoke to a number of men who've worked there for decades who 
now face the uncertain prospect over the next few weeks of not knowing for 
certain who the new owner of Longbridge is to be. 

"We mustn't turn our backs on those people. They deserve the full backing at 
this time and they will get it. I understand the anger that they feel." 

Questioned by reporters if a rival bid for Rover had been made by a car 
manufacturer, Mr Byers said: "We know that an outline agreement has been 
struck with Alchemy Partners for Longbridge. They now have six weeks in which 
to conclude the details of that. 

"In that period Professor Samann, the head of Rover in the UK, who I met at 
Longbridge today, indicated that BMW would be prepared to consider 
alternative proposals." 

Asked if Volkswagen were interested in taking over Rover, the minister said: 
"I think as we sit here today, Volkswagen have not expressed an interest in 
acquiring the Longbridge facility. 

"There have been a lot of contacts made in the last few days. I think there's 
merit in encouraging those involved in the car manufacturing sector to look 
very carefully at Longbridge and the very productive and highly skilled 
workforce and I will hope that they do that." 

A number of car manufacturers may look closely at the options available in 
the wake of BMW's announcement of the decision to break up Rover, he added. 
******************************************************************************
*********
Léon

Triumph Sports Six Club 
International Liaison Secretary
1963 Triumph Vitesse 2-Litre Convertible 
Wimbledon, London, England.

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