Administrators have today met with staff of the London taxi manufacturer to explain that, regrettably, there will be 156 redundancies with immediate effect.
Matthew Hammond, joint administrator at PwC, said: “Regretfully, without financial support to overcome the Group’s operational issues we have had to make staff redundancies. While the steering box recall remains, there is a voluntary suspension on vehicle sales, and we are now concentrating all resources on testing the solution to the steering fault. “We have…
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