The UK’s automotive industry association, the Society of Motor Manufacturers and Traders (SMMT), has launched a Safe Harbour Scheme, to reduce the risk of insolvency and redundancies in the trade supply chain.
Under the scheme, developed with the support of the government and the Automotive Council, a company finding itself in financial difficulty, the SMMT would “engage all relevant stakeholders and an independent third party to identify and implement agreed measures …
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Source: The Loadstar
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