UK: Regulations intended to protect employees would hinder any future SAIC MG Rover buy
Shanghai Automotive Industry Corporation is being prevented from buying parts of MG Rover out of administration by union-supported TUPE [Transfer of Undertakings (Protection of Employment) Regulations 1981] regulations, according to the Daily Telegraph's Friday edition. MG Rover's administrators, PricewaterhouseCoopers, have since announced that they are to begin making staff redundant, following confirmation from SAIC that it is not willing to buy all or part of MGR on a going-concern basis.
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