1,200 jobs lost as Wrightbus enters administration…

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