A top boss at a British engine manufacturing firm drove to work in a brand-new, $291,000 Ferrari 458 Italia — the day after the struggling company laid off 45 workers, the result of “bad management.”
Trevor Modell is a former director of Lister Petter Ltd, a company that makes combustion engines, based in Dursley. He showed up at the company’s factory in the shiny, new luxury sportscar on November 12.
But another director, Pat Cormer, said that Modell is now merely a “consultant,” explaining why Modell could — or should — afford the high-end car when the company itself has told its union that it doesn’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 Modell’s display of conspicuous consumption “insensitive at best.”
The unnamed spokesperson for Unite, which represents the factory’s workers, said that the layoffs, or “redundacies” as they are called in the U.K., were expected.
“Lister Petter has been in a mess for a while,” the spokesperson said. “The union believes this has been a result of bad management over a period of time,”
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.
Modell’s Ferrari is believed to cost about £178,000, which is the equivalent of about $291,000 in U.S. cash.
SOURCES: Gazette Series, Daily Mail, Wikipedia