§ Mr. Cryerasked the Secretary of State for Northern Ireland what redundancy terms are to be made available to the workers made redundant at the De Lorean Motor Co. Ltd. at Dunmurry, Northern Ireland.
§ Mr. Adam ButlerThis is primarily a matter for the joint receivers and managers. I understand, however, that 395W the joint receivers and managers are accepting responsibility for payment of wages and salaries up to 31 May 1982.
Under the insolvency provisions of the Industrial Relations (Northern Ireland) Order 1976 claims may be made through the employer's representative—that is the joint receivers and managers—to the Department of Manpower Services for payment from the Northern Ireland Redundancy Fund of certain other debts owed by the company to its employees on dismissal.
§ Mr. Cryerasked the Secretary of State for Northern Ireland what is the value of the plant and equipment of the De Lorean Motor Co. Ltd. at Dunmurry, Northern Ireland.
§ Mr. Adam ButlerI understand that the book value of the plant and equipment of De Lorean Motor Cars Ltd.—in receivership—is some £11 million, excluding special tooling at Dunmurry and vendor tooling located in the premises of suppliers, which have a book value of some £14 million. The realisable value of the plant machinery and tooling would, of course, be a great deal less than the book value.