Plan B could be workers' co-op (Rover)
Managers and workers at MG Rover are drawing up plans to buy the crisis-hit car company in the event of a rescue bid from China collapsing. Annil Chandra, a 43-year-old project manager, said yesterday he had already won the support a group of West Midlands businessmen.
I am pleased that a group of local businessmen are happy to work with the workforce. Annil Chandra is spearheading the coordination of workers organising a possible "plan B" in the event that the Chinese do not wish to purchase MG Rover.
I do know some of the people working with Annil. It is important that some alternative is developed in the UK. If all of the eggs are in one basket and those particular eggs do not hatch then that will not be a good situation for the workforce at Longbridge.
At the end of the day it comes down to ensuring that there is a profitable business
in the UK which can come out of the problems which currently exist.