Unite urges government to help Westar complete purchase of LDV
2nd June 2009
Responding to the news that LDV has been forced to re-apply for
administration, Unite, Britain's biggest union, has urged the
government to intervene to help Westar complete its purchase of
LDV.
LDV has applied for administration because the Malaysian company
has been unable to raise sufficient funds to purchase the van
maker.
Unite's national officer, Dave Osborne, said: "After all the
hard work which has gone in to trying to secure the LDV plant, it
is extremely worrying that its future is once again at risk. The
failure of Westar to secure financial support from the banks for
its takeover of the van manufacturer puts thousands of jobs across
the Midlands at risk again.
"We understand that Westar is now looking to the government to
help underwrite its application to the banks for finance. We urge
the government, through BERR, to support this application and do
all that it can to help Westar complete its purchase quickly so
that a future can be secured for this plant and its workforce."
Unite wants the government to draw from the £1 billion set aside
to help vehicle manufacturing companies through the recession to
underwrite Westar's application to the banks for funding.
ENDS
Contact: Ciaran Naidoo 07768 931 315
Email to a friend
