Wrightbus has failed to find a buyer for the company and has been forced to go into administration with the loss of over a thousand job. The whole story is quite a saga and I imagine the BBC Spotlight team are busy looking into the fall from grace of a once star company.
From the BBC report:
In the last six years Wrightbus has donated more than £15m to Green Pastures, a religious charity led by the firm’s majority shareholder Jeff Wright.
The donations helped it to develop plans for a huge church and village complex known as Project Gateway.
In the wake of the firm’s fall into administration, questions have been asked over the use of money.
Was Brexit a factor? Depends on who you ask:
In March 2016, Wrightbus founder Sir William Wright became the first major business figure in Northern Ireland to voice his support for Brexit.
The businessman told the Ballymena Guardian newspaper: “I am totally in favour of getting out.”
The BBC’s John Campbell thinks Brexit is a Factor, Ian Paisley unsurprisingly thinks not. Listen to the Nolan Show coverage.
There is hope a buyer can be found, but a more likely scenario is some Chinese company will buy up the name and all the intellectual property and open a bus factory in Asia.
A sad day for the workers and the companies who supplied Wrightbus.
“Stagecoach London New Routemaster LT 409 (LTZ 1409)” by hotspur_star is licensed under CC BY
Managing Editor of Slugger O’Toole. I help to manage Slugger by taking care of the site as well as running our live events. My background is in business, marketing and IT. My politics tend towards middle-of-the-road pragmatism; I am not a member of any political party. When not stuck in front of a screen, I am a parkrun Run Director.
Discover more from Slugger O'Toole
Subscribe to get the latest posts sent to your email.
