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Monday April 18, 08:25
MG Rover’s redundant workers to receive help
(by Olivia Cohen)

MG Rover’s redundant workers to receive help

The redundant workers of the collapsed British carmaker MG Rover will receive help from the money given by the British government.

A task force will meet to discuss possible aid to the workers of the bankrupt carmaking company that left about 5,000 employees from its Longbridge plant jobless after the collapse.

The British government provided a £150-million aid to the carmaker that received a refusal from its Chinese partner Shanghai Automotive Industry Corporation (SAIC).

About £60 million from the package will be used to help diversify industry in the Longbridge area, and to support MG Rover’s supply chain, the company’s owner Phoenix Venture Holdings said in a statement. Some more £50 million will fund retraining and £40 million will be used for statutory redundancy payments.

The British government said it would launch an investigation into the accounts of the failed Rover.

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