A top boss at a British engine manufacturing firm drove to work in a brand-new, $291,000 Ferrari 458 Italia â€” the day after the struggling company laid off 45 workers, the result of â€śbad management.â€ť
Trevor Modell is a former director of Lister Petter Ltd, a company that makes combustion engines, based in Dursley. He showed up at the companyâ€™s factory in the shiny, new luxury sportscar on November 12.
But another director, Pat Cormer, said that Modell is now merely a â€śconsultant,â€ť explaining why Modell could â€” or should â€” afford the high-end car when the company itself has told its union that it doesnâ€™t have enough money to improve employee working conditions.
The 45 workers will lose their jobs just in time to have a miserable Christmas.
A union spokesperson called Modellâ€™s display of conspicuous consumption â€śinsensitive at best.â€ť
The unnamed spokesperson for Unite, which represents the factoryâ€™s workers, said that the layoffs, or â€średundaciesâ€ť as they are called in the U.K., were expected.
â€śLister Petter has been in a mess for a while,â€ť the spokesperson said. â€śThe union believes this has been a result of bad management over a period of time,â€ť
The company with a payroll of 190 before the layoffs, has been located in the town of fewer than 6,000 people for 150 years. But it is in the process of moving to another town.
Modellâ€™s Ferrari is believed to cost about ÂŁ178,000, which is the equivalent of about $291,000 in U.S. cash.
SOURCES: Gazette Series, Daily Mail, Wikipedia