Mechanic apprenticeship scheme rescued
Tom Lloyd
Wednesday, April 16, 2008
An apprenticeship scheme for budding young mechanics has been saved from possible closure after being bought by its former owner.
The Retail Motor Industry Federation sold its apprenticeships arm to the vocational learning group Carter and Carter in 2006 for £25.5m.
But Carter and Carter went into administration last month, and the federation has now bought back the Apprentice Learning Division for an undisclosed amount.
It will run the division under the name ReMit. This was the name of the apprenticeship business when the federation last owned it, although it has now been set up as a new company.
Alec Murray, chairman of the federation, said the move would ensure apprentices continue to move into the sector.
He added: "More pressingly, there was a possibility that many current motor vehicle apprentices would be unable to complete their training."
But Carter and Carter went into administration last month, and the federation has now bought back the Apprentice Learning Division for an undisclosed amount.
It will run the division under the name ReMit. This was the name of the apprenticeship business when the federation last owned it, although it has now been set up as a new company.
Alec Murray, chairman of the federation, said the move would ensure apprentices continue to move into the sector.
He added: "More pressingly, there was a possibility that many current motor vehicle apprentices would be unable to complete their training."
