It's just been on the news that should MG Rover go under the company that owns the site are looking to redevelop it, creating around 10,000 jobs (about 50/50 new jobs/relocated jobs). Apparently they have a track record of doing this and have revitalised other areas including former mining communities destroyed by the Tories.
I remember being on a course with some people from MG Rover last year. They were very critical of the management, feeling that there was a gap between what management thought was going on and what was actually going on.
It seemed like more than the normal workers criticism of management.