1,000 jobs lost at Auto Windscreens
Saturday 26 February 2011
More than 1,000 Auto Windscreens workers have lost their jobs after administrators said they had been unable to save the business.
Deloitte announced the closure of the Chesterfield-based group and made 1,042 staff redundant yesterday after failing to get an offer for the business as a whole. Although the majority of staff had been sent home when the company collapsed on 14 February, the administrations had hoped to keep the UK's second-largest windscreen and repair business running as a going concern while they sought a buyer.
Chris Farrington, joint liquidator and partner at Deloitte, said: "In the absence of any funding and no going concern offer, we have had no alternative but to close the business, leading to 1,042 staff being made redundant."
Auto Windscreens, which was founded in 1971, had an annual turnover of £63m and had been undergoing a recovery programme. It ran into trouble after it was hit by delays in bringing in IT systems, coupled with lower-than-expected revenues in the final quarter of 2010, which led to cashflow pressures.
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: It is only rape if the victim is conscious
- 5 Nigerian witch-finder Helen Ukpabio threatens legal action against human rights organisations
Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Victoria Justice on naked photo leak: 'Let me nip this in the bud right now – pun intended'
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Kate Upton nude photos leak: Model's spokespeople 'looking into' authenticity of indecent images
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
iJobs Money & Business
£500 per day: Harrington Starr: SQL Developer SQL, C#, Stored Procedures, MDX...
£500 per day: Harrington Starr: C#.NET Developer C#, WPF, WCF, ASP.NET, Prism...
£55000 - £65000 per annum: Harrington Starr: A Global Financial Service Organi...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...