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02/08/2013
500 Railcare Jobs Come Under Threat
Business secretary Vince Cable has been asked to step in to arrange a short-term bridging loan to secure the immediate future of the 500-strong highly skilled workforce at Railcare.
Unite the union and the RMT union wrote to Vince Cable urging him to encourage the banks and rolling stock companies to provide short-term loan facilities, as the administrator of Railcare is poised to make 170 employees redundant today.
The unions say that the company has a healthy order book, but that takeover talks broke down last week. This has meant the workers at the plants in Wolverton (Milton Keynes) and Springburn, Glasgow have not been paid and the administrator has been called in.
In the Unite/RMT letter, Unite national officer for the rail industry Julia Long and RMT general secretary Bob Crow said: "However, some hope persists of a takeover which would save employment, pay and the order book.
"Therefore, we are seeking support and assistance from the government in securing a short-term bridging loan or other form of financial support to the company to help meet the £600,000 monthly wage bill."
(CD/MH)
Unite the union and the RMT union wrote to Vince Cable urging him to encourage the banks and rolling stock companies to provide short-term loan facilities, as the administrator of Railcare is poised to make 170 employees redundant today.
The unions say that the company has a healthy order book, but that takeover talks broke down last week. This has meant the workers at the plants in Wolverton (Milton Keynes) and Springburn, Glasgow have not been paid and the administrator has been called in.
In the Unite/RMT letter, Unite national officer for the rail industry Julia Long and RMT general secretary Bob Crow said: "However, some hope persists of a takeover which would save employment, pay and the order book.
"Therefore, we are seeking support and assistance from the government in securing a short-term bridging loan or other form of financial support to the company to help meet the £600,000 monthly wage bill."
(CD/MH)
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Northern Ireland WeatherThis Evening and Tonight:A mostly dry evening and night with a widespread frost developing along with freezing fog, which could become extensive, especially in the south. Winds remaining light. Minimum temperature -3 °C.
