The crippled
car industry gave another death rattle today as
BMW axed some 850 jobs at the
Mini plant near
Oxford . The news leads to union reps being pelted with fruit
and
cars being damaged by upset employees.
Mps are considering giving the
car finance arms of
car companies special powers to access the
Bank of England £50 billion liquidity scheme. However, BoE
governor Mervyn King is understood to be opposed to this
idea.
The car industry is desperate for
vehicle finance deals, with factories and showrooms full of
unsold
new cars . With stockpiles at bursting point new production is
pointless, leading to job cuts like that at BMW.
General secretary of Unite, Tony Woodley, reportedly slammed BMW:
Targeting agency workers who have no rights to
redundancy pay is blatant opportunism on BMW’s
part.