RESSE

iTrader: (1)

TVR 'laying off half its staff'

TVR production is said to be down to just two cars a week TVR, the UK's biggest independent sports carmaker, is laying off half of its workforce, a union has warned.

The Transport and General Workers' Union said half of the firm's 300 staff had received a letter telling them to stay home from Monday.

Production at the company's Blackpool plant is said to have fallen from 12 cars a week to two.

The firm was bought in 2004 by young Russian multi-millionaire Nikolay Smolensky, who was just 23 at the time.

No-one at TVR was immediately available for comment on Friday morning.

Mr Smolenksy's personal wealth is estimated at $100m (£56m).

The Zohan

Not really that much sports car production left in the UK except a few small outfits like Noble, Lotus, etc.

We just seem to be treated as a drop off point for assembling cars for the likes Nissan and Toyota to help get around trade restrictions.

TonyFlow

Arent Noble now building the cars in Africa?

Petem95

TVR have made too many changes to their range recently - when they were producing the Chimaera, Griffith and Cerbera they were doing really well - but in the last few years they keep changing the models and renaming them, and its confusing buyers and probably not doing the resale values any good.

The Zohan

Welcome to the land of the rising shopkeeper

TonyFlow

Me no understandy

RESSE

iTrader: (1)

Paul - I agree with you!

IIRC a few years ago Jacques Nassar (head of Nissan Europe) described the U.K. as Europe's offshore parking lot - how right he was/is.

Jonathan Davies

Jacques Nasser was head of Ford for 2 years until he was moved out... not a great success there. Never worked for Nissan as far as I know.

wolfie28

Yep, but finally assembled and tested at Barwell, Leics, in good old blighty.

Wolfie.

AudiLover

That news is rather wrong, the problem is, TVR's production has been increasing quite nicely due to increased demand for them, recently though TVR has over produced, the reason this has happened is most likely due to the fact thaqt more customers are waiting on the two new TVR models due to be unveiled for 2007 including the Cerbgera replacement. This means that for a certain period of time TVR has chosen to cut production down to 2 car's a week so they can deal with the car's they've produced and not got rid of. Once they're gone production will be back to normal . The staff being told not to come into work represents 20% of TVR's workforce, not 50% and they haven't been fired yet, if TVR can production back to normal sooner rather than later they're all coming back, obviouselt though TVR doesn't expect them to sit at home and do nothing, some will likely find new job's in the mean time, but they will regardless, be offered their places back pretty soon and maybe have to hire a few people to fill in for anyone with a new job by then that doesn't want to leave it.

What my TVR-Lover friend told me.

Gutmann pug

Do they still make cars in Malaysia too?

davyboy

Maybe they could re-employ the staff in "car development and testing".......

........save the public doing it for them

Trout

iTrader: (1)

Noble do indeed all their manugfacturing in South Africa

FletchCSL

Carlos Ghosn?