Monday, October 23, 2006
TVR pulls plug on UK operations
British sports car maker TVR has performed a u-turn over its decision to stay in the UK, closing its Blackpool factory and axing 250 jobs.
The company, owned by Russian businessman Nikolai Smolenski, said production in Blackpool will be transferred to another European country.
The announcement upset unions, which had hoped that despite recent financial difficulties, the company's operations could be kept in Britain. Smolenski, who bought the company in 2004, said the decision was needed to secure the company's future.
DATED: 23.10.06
FEED: MT
The company, owned by Russian businessman Nikolai Smolenski, said production in Blackpool will be transferred to another European country.
The announcement upset unions, which had hoped that despite recent financial difficulties, the company's operations could be kept in Britain. Smolenski, who bought the company in 2004, said the decision was needed to secure the company's future.
DATED: 23.10.06
FEED: MT
