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Frontsource BEL deal sealed

21st January 1988, Page 18
21st January 1988
Page 18
Page 18, 21st January 1988 — Frontsource BEL deal sealed
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Which of the following most accurately describes the problem?

• London Regional Transport has confirmed that Bus Engineering Ltd (BEL) has been sold to Frontsource, which owns a number of other engineering companies. BEL employees have all been promised jobs, but operations are to be moved from Chiswick.

Bill Fairhall, LRT's director of Trading Services, says: "I am relieved that the uncertainty for staff has now ended and that some 275 jobs have been safeguarded. The terms Frontsource has offered for continuing employment are very reasonable and I believe that the new ownership, with access to wider markets, gives BEL the best chance of future commercial success."