Car company puts 850 out of work

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.

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Car company puts 850 out of work

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