ROLLS ROYCE CRISIS
Reports “Quite
Unfounded”
(N ZJ>.A.~Reuter—ConfirtaM) LONDON, May 5
The chairman of RollsRoyce (Lord Kindersley) said today that stories of an “imminent decision to cease production are quite unfounded” He was commenting on newspaper reports of a crisis in the company caused by the recent Budget pr. josal limiting to £2OOO the cost of a car charged against income tax.
Lord Kindersley said: "It would be completely mislead:ng to think that there were any plans for closing the plant down.” Rolls-Royce would do "everything conceivably possible to avoid redundancy or short-time working. “We shall certainly not stop production unless we were to find the facts so serious that we had to.”
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Press, Volume C, Issue 29507, 8 May 1961, Page 12
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113ROLLS ROYCE CRISIS Press, Volume C, Issue 29507, 8 May 1961, Page 12
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