The Birmingham based van maker LDV has applied to enter in to administration.
The Russian owned company has been in difficulty for some time as sales of commercial vehicles have collapsed. An earlier bid for Government help did not fail entirely, but help was offered only on the basis that their current financial situation was stabilised by it’s Russian owners.
About 800 people are employed at its Birmingham factory - though most have not been working, with production halted since December last year. Employees have been paid up to the end of last week, it said, but the firm could not confirm any further payments.
A large number of West Midlands based companies, including steel ressworkers would be involved in the LDV supply chain, so the repercussions of closure could be widely felt.
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