Wrightbus
Wrightbus
(25 Sep 2019, 1:44 pm)Andreos1
They're talking of nationalisation and as much as I would love to see it (for many reasons), I cant see this government doing that.
If they survive (as I said yesterday), I think it will be through a management buyout.
Northern Ireland's manufacturing economy is really struggling at the moment. This is the last thing it needs.
The knock on effect could be huge and felt massively as far away as the docks in Heysham.
I honestly think this is the end for Wrightbus, at least as it is now.
After doing a bit more research and seeing what has came up in the news after this, I wouldn't touch it.
The fact that they made a £4 million donation to a charity run by the owner's son which caused them to make a loss of nearly £2 million.
The same son also happens to own the land and factory, which Wrightbus rent for £1.5 million a year.
It all smells of tax evasion and fraud to me.
(25 Sep 2019, 1:44 pm)Andreos1
They're talking of nationalisation and as much as I would love to see it (for many reasons), I cant see this government doing that.
If they survive (as I said yesterday), I think it will be through a management buyout.
Northern Ireland's manufacturing economy is really struggling at the moment. This is the last thing it needs.
The knock on effect could be huge and felt massively as far away as the docks in Heysham.
I honestly think this is the end for Wrightbus, at least as it is now.
After doing a bit more research and seeing what has came up in the news after this, I wouldn't touch it.
The fact that they made a £4 million donation to a charity run by the owner's son which caused them to make a loss of nearly £2 million.
The same son also happens to own the land and factory, which Wrightbus rent for £1.5 million a year.
It all smells of tax evasion and fraud to me.
