£40m pledged to help suppliers

The Engineering Employers' Federation estimates that Rover has around 400 suppliers employing up to 20,000 people.
  
  


The Engineering Employers' Federation estimates that Rover has around 400 suppliers employing up to 20,000 people.

The Birmingham Chamber of Commerce has surveyed 25 suppliers who says they are owed £9m.

It says the total amount owing to all suppliers must be tens of millions.

The government has pledged £40m to help suppliers.

Most firms only supply 5-10% of their output to Rover. But there are estimates that 2,000 jobs could be lost in addition to up to 6,000 jobs at Rover.

The suppliers include:

Wagon Holdings (doorframes). Employs 4,800 worldwide. Owed £900,000.

Trafficmaster (SatNav systems). Owed £540,000. 4,000 employees.

Avon Rubber (hoses). Loss of £1.4m of sales over next six months, equivalent to 1% of sales, 750 UK employees

Alumasc (precision engineering). Owed £200,000. Sales to Rover 3% of turnover. 1,000 employees

Stadco (body pressings), 280 workers, £150m turnover.

AP Smith (metal pressings). Rover 8% of sales, 90 employees

LAP Electrical (electrical components), 200 employees, turnover £7.5m

Hydrapower Dynamics (hoses and tubes), 65 employees, £6m turnover

Astra Engineering Products (pressings), 50 employees, turnover £3m

APT Ltd (electronics), 20 employees, turnover £1-2m.

DRB Engineering (pressings), 250 employees, turnover £5-10m

Barkley Plastics (tools, mouldings), 150 employees, £6m turnover

Reg Vardy (three Rover dealerships), 5,115 employees, owed £600,000.

Pendragon (15 Rover dealerships). Expects minor impact, 5,900 employees

· Birmingham Chamber of Commerce says 200 companies have so far contacted its Rover helpline on 0121 607 0121.

 

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