Manganese Bronze reinstates sacked workers as bids close

 
Michael Bow
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BLACK cab maker Manganese Bronze, which collapsed into administration last month, has re-hired the 12 staff laid off at the end of October, raising hopes production of the vehicle will remain in the UK if a buyer is found.

Bids for the holding company’s stricken subsidiary The London Taxi Company, which makes the cabs in Coventry, were lodged with administrators PwC on Friday.

A PwC spokeswoman said the administrators could not talk about the process as it was “highly confidential”.

However, it is thought Chinese firm Geely, which owns 20 per cent of Manganese Bronze, is still in the running.

The administrators confirmed to City A.M. that the 12 workers laid off following the suspension of production had now been taken back on.

Manganese was forced to recall its iconic TX4 following a problem with the steering gear box. The firm has now reverted back to its original UK supplier of the gear box following the debacle. About 60 per cent of the faulty vehicles recalled are now back on the road.