Rover MG history was formed from the parts of the former Rover Group volume car production business which BMW sold off in 2000 due to constant losses and a declining market share. BMW had acquired the Rover Group from British Aerospace in 1994 and had since sold the Land Rover business to Ford, and split off the MINI business as a new BMW subsidiary based in Cowley. MG Rover took control of the volume component of the former Rover Group (itself the remaining rump of British Leyland, which in turn had its roots in the even older British Motor Corporation, formerly Austin and Morris), which by now consisted solely of the Longbridge assembly plant in Birmingham. Of the Rover Group’s other two major plants; Solihull had already been divested as part of the sale of Land Rover to Ford, whilst the Cowley and Swindon plants were retained by BMW for the production of the new MINI family of vehicles. As part of these changes, all remaining Rover volume production at Cowley (essentially now just the Rover 75 as the Rover 600/800 ranges had already been discontinued by this point), was moved to Longbridge, whilst MG Rover would be allowed to continue manufacturing the original Mini at Longbridge until the new MINI was launched by BMW a year later.

Rover MG History

When BMW sold off its interests,  Rover  MG history was bought for a nominal £10 in May 2000 by a specially assembled group of businessmen known as the Phoenix Consortium. The consortium was headed by ex-Rover Chief Executive John Towers.

On 15 April 2005, it was announced that SAIC had once again rejected pleas to buy out the company. With no other rescue deal in the pipeline, the administrators were not in a position to seek further funding from the government and announced that redundancy notices to Longbridge staff (who numbered more than 6,000) would be issued.

As well as the job losses at Longbridge, the months which followed the collapse of Rover MG  history resulted in many job losses in the supply chain, as well as jobs in  Rover MG dealerships, as these businesses either went bankrupt, were faced with having to make job cuts, or in the case of some dealerships switched to different brands.

More than 6,000 workers at MG Rover lost their jobs when the company went into liquidation. As many as 25,000 jobs were reported to have been lost in related supply industries, meaning that the total number of job losses brought on by MG Rover’s collapse was somewhere in the region of 30,000

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Source: wikipedia.org