All posts tagged: job losses

UK pottery giant collapses into administration – in business since 1809 | UK | News

UK pottery giant collapses into administration – in business since 1809 | UK | News

Published by Sam Flores

Manufacturing is to cease at renowned pottery firm Denby (Image: Getty) Manufacturing is to cease at renowned pottery firm Denby, and a further 49 workers have been made redundant, administrators have said. The decision means more than 100 jobs have now been lost at the historic company, which has been in business since 1809. Denby Pottery appointed administrators on March 31 after struggling with rising energy and labour costs and weaker consumer spending. Administrators from FRP Advisory said it had “not been possible to secure a buyer for the manufacturing operations” and that a “difficult decision to close the business’s making and design departments” had been made. READ MORE: Supermaket with 300 stores on brink of administration – merger ‘only chance’ READ MORE: UK haulage company collapses into liquidation Denby Pottery appointed administrators on March 31 (Image: Getty) Around 80 workers were laid off earlier this month, according to the BBC. The additional 49 redundancies take the total number of job losses to well over 100. Tony Wright, joint administrator of the Denby Group and …

Supermaket with 300 stores on brink of administration | UK | News

Supermaket with 300 stores on brink of administration | UK | News

Published by Sam Flores

A major supermarket chain with 300 stores is on the brink of administration, with thousands of jobs at risk. Southern Co-op is scrambling to secure a merger deal over fears it could go bust. The British supermarket, which operates more than 300 food stores, funeral homes and coffee shops across southern England, said three consecutive years of financial losses had pushed it to the edge of insolvency. Over 300 outlets all face potential closure unless a merger with the national Co-op Group proceeds. Southern Co-op’s chair and chief executive wrote a letter to members on April 22, warning that the proposed merger represents their best chance of survival. Janet Paraskeva and Ben Stimson issued a statement, saying: “Southern Co-op has made losses for the past three years. “Over the last year, trading has become more difficult, and we have relied on ongoing support from our banks and suppliers to continue operating. That support cannot now be increased within the time available.” Crunch meetings will be held on May 6 and May 21, where members will …

Major food company plunges into liquidation – works with Morrisons and Waitrose | UK | News

Major food company plunges into liquidation – works with Morrisons and Waitrose | UK | News

Published by Sam Flores

A major food wholesaler has collapsed after 35 years in business. A total of 71 people have lost their jobs after Enterprise Foods Limited, which traded as Localist, went bust. The East Kilbride-based company helped Scottish suppliers, producers, and farmers get their goods onto the shelves of retailers such as Waitrose, Co-op, Poundland, and Morrisons. The business fell into difficulty after failing to refinance debts of more than £5 million, amid cash-flow problems that had built up over several years. These were linked to bad debts following the failure of numerous customers and were worsened by challenging market conditions in both the retail and hospitality sectors. This has left 250 local suppliers up and down the UK uncertain about how to get products to retailers and receive payment. Localist helps deliver 4,000 products a week to over 2,500 stores and 1,000 catering companies. George Lafferty of BTG was appointed provisional liquidator on Wednesday (March 18) following the business’s petition. Thomas McKay, managing partner of BTG in Scotland and Northern Ireland, said staff are being supported …