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Workers stage sit-in at Coventry black cab maker LTI as 99 made redundant

01/11/2012

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By Martin Bagot

ALMOST 100 workers at struggling black cab maker LTI have been made redundant in Coventry.

Administrators yesterday gave angry workers the news that 99 Coventry staff were to go at its Holyhead Road base.

A further 12 city workers have been laid off and sent home on half-pay, but could return to work if production restarts.

The shock announcement came late yesterday afternoon and some staff locked themselves inside the factory after being given the news.

Admistrators Price Waterhouse Coopers wielded the axe on 156 workers in total nationally with immediate effect.

The move leaves just 55 workers in Coventry.

It comes after LTI’s owners, Manganese Bronze, called in the administrators a fortnight ago when 400 cabs were recalled due to a steering fault.

The union Unite has called for the workers to be reinstated and demanded the government steps in to save the iconic firm.

Matthew Hammond, joint administrator, said: “Regretfully without financial support to overcome the group’s operational issues we’ve 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 retained sufficient numbers of staff across the dealership, head office and production network to address the operational, technical and financial circumstances that the business faces.

“The retained staff based in Coventry will continue to focus on finding a solution for the steering fault alongside head office resource to keep the business running.

 http://www.coventrytelegraph.net/news/coventry-news/2012/11/01/workers-stage-sit-in-at-coventry-black-cab-maker-lti-as-99-made-redundant-92746-32144410/#ixzz2AxR8Y7xw

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