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Trevor Modell treated himself to the 458 Italia supercar, despite redundant workers facing Christmas without a job.

Mr Modell, a former company director at engine makers Lister Petter in Dursley, Glos, had been re-employed as a consultant on the board when he arrived in the motor.

A spokesman for the Unite union said his behaviour was “insensitive at best”.

He said: “Lister Petter has been in a mess for a while. The union believes that this has been a result of bad management over a period of time.”

Company director Pat Comer said: “The redundancies are, as previously advised, part of our restructure to ensure that we are best placed to remain competitive and serve our developing markets.”