Most workers axed at van maker LDV
The worst fears of workers at stricken van maker LDV were realised when administrators announced that most of the 850 employees have been made redundant.
The devastating news came just hours after the Birmingham-based firm went into administration after the collapse of a rescue bid.
Rob Hunt, joint administrator and partner at PricewaterhouseCoopers said: "Due to the lack of funding it has, regrettably, been necessary to make the majority of the workforce redundant and we will retain a skeleton workforce of around 40 people to maintain the site."
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