The Norton factory closed, the owner missed the hearing
Production of motorcycles Norton Motorcycles stopped. The company technically works will not start until the official bankruptcy procedure. The factory closed, in front of the main office in castle Donington installed concrete blocks.
Everything that happens is the result of the inability of the company to repay its debts. Over the past few years the financial position of Norton Motorcycles has deteriorated, and the main cause of failure, it seems, is the CEO Stuart garner. He will also miss the hearing, which considered the question of loss of pension funds.
Garner was a Trustee of the pension funds. When the workers tried to withdraw their money, they were not. According to the official Stewart collaborated with the people who helped him to cheat with money of the pension Fund. One of the accomplices Simon Colfer was previously convicted for fraud.
Stuart garner avoids journalists and makes no comments. He mentioned earlier that he knew nothing about the fraud scheme with pension money and considers himself a victim of the situation.
The history of Norton Motorcycles has not yet ended, but perhaps we learn a lot of interesting.