More than 800 jobs lost as van maker LDV goes into administration

Almost all 850 jobs at van maker LDV have been lost after the company went into administration yesterday.

Thousands more jobs at dealerships, suppliers and manufacturers are also at risk just weeks after a £5m government loan was given to help sell the manufacturer. Last week, a Malaysian company pulled out of the planned takeover after admitting it had not been able to find other financial backers.

Unions and LDV were divided over blame for the company falling into administration.

LDV’s marketing manager, Guy Jones, said the government had failed to offer a larger loan to interested companies.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

“[The government] had not addressed the fundamental issue, which is access to working capital now,” he said.

But Tony Woodley, joint leader of union Unite, said: “LDV has been in a vulnerable situation for many years and this announcement is not due to any lack of effort by either unions or the government to find solutions.”