motor industry - eu manipulation
WORKERS, APR 2005 ISSUE
European Union manipulation has stalled a £200 million investment grant for Peugeot's Ryton plant in Coventry for over two years. The grant, to assist in building the Peugeot 207 range, was scheduled for 2002. Its delay has meant that production of the 207 series has now gone to France and Slovakia. Ryton, which employs 3,000 workers, will become the sole producer of the 206 series, a car which obviously has a limited shelf life.
Why such a delay? Because the cheap labour and high profit returns of Slovakia provide the blueprint for a manufacturing region as far as EU bureaucrats are concerned. Coventry obviously does not exist.