Unite urges Government to help Westar complete purchase of LDV

Unite urges Government to help Westar complete purchase of LDV

Unite urges Government to help Westar complete purchase of LDV

Responding to the news that LDV has been forced to re-apply for administration, Unite, Britain biggest union, has urged the government to intervene to help Westar complete its purchase of LDV.

LDV has applied for administration because the Malaysian company has been unable to raise sufficient funds to purchase the van maker.

Unite’s national officer, Dave Osborne said:

“After all the hard work which has gone in to trying to secure the LDV plant, it is extremely worrying that its future is once again at risk. The failure of Westar to secure financial support from the banks for its takeover of the van manufacturer, puts thousands of jobs across the Midlands at risk again.

“We understand that Westar is now looking to the government to help underwrite its application to the banks for finance. We urge the government, through BERR, to support this application and do all that it can to help Westar complete its purchase quickly so that a future can be secured for this plant and its workforce.”

Unite wants the government to draw from the £1 billion set aside to help vehicle manufacturing companies through the recession to underwrite Westar’s application to the banks for funding.