I heard a rumour of rumour making last week, but that could just be a rumour...
Thing is, I wouldn't be suprised to see some jobs going, but when Longbridge start making more cars again - especially when the new cars start coming on line - they're going to have to employ more people again to build the engines again.
I would be very suprised if all engine production moved out of the UK, although some of the parts could well be imported back into the UK.
Moving engine production to China, doesn't mean they will stop producing engines in Longbridge. Would it make sense to ship them back, halfway round the world? They're pretty bulky, and it would take ages.
The Chinese are quite clear that they want to be more than a CKD outfit, so of course they will want to build engines too.
At the end of the day, the press know little more than we do. In fact, they possibly know less. The finer points of this deal are known only by the Phoenix 4 and their consultants. Nobody else. And given that PVH is a privately owned company, until they decide differently, things will not be any different.
But hey, why let a lack of knowledge get in the way of selling newspapers?
Incidentally, anyone ever notice that when its a slow news day, a 'source' has a habit of coming along?