Former employees of MG Rover were given £3 each in compensation after taking redundancy, following the collapse of the automotive company in April 2005.
After a seven-year long battle with the former owners of MG Rover, former employees of the company have received only a small fraction of the compensation they hoped for. The ‘Phoenix Four’ – Peter Beale, Nick Stephenson, John Towers and John Edwards – bought the company for £10 in 2000, and then paid themselves millions.…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
