1,800 more jobs to go at Rok
A further 1,800 redundancies at building services firm Rok were announced by administrators today, bringing total job losses to around 2,600.
The cuts come from the closure of the firm's maintenance and improvements division in the UK and Rok's construction business in Scotland, both of which suffered job losses in the previous week. Other redundancies have come from its plumbing, heating and electrical (PHE) division.
The self-styled "nation's local builder" appointed PwC as administrators last week after it fell into difficulties in meeting its "financial obligations". Only 650 staff remain at the firm.
The Exeter-based firm was hit hard during the financial crisis, when it lost several private and public sector clients and was previously forced to cut some 750 jobs.
Extreme weather conditions hit Rok and the rest of the industry earlier in the year and life worsened for the firm in April, when it said profitability would be hit by a number of "under-performing" contracts in its PHE arm.
Rob Hunt, partner and joint administrator at PwC, said today's redundancies were necessary as it was clear they would not find a buyer for the rest of the maintenance and improvements division and Scottish construction business.
He said: "Operations cannot continue and hence we have had to take steps to close both the maintenance and improvements division as well as the Scottish construction division. We have retained a small workforce to assist us in this process."
Mr Hunt said the remaining staff work within the construction and social housing business in England and PwC are still working to find an interested party.
Rok's woes come 10 weeks after social housing firm Connaught entered administration, leading to some 1,400 redundancies.
Alan Ritchie, general secretary of construction union UCATT, said: "This is a devastating blow for the workers and their families. It is becoming increasingly clear that the Government's spending cuts are having a highly detrimental effect on the construction industry.
"Already this autumn two major construction companies have collapsed and thousands of jobs have been lost. The Government must urgently rethink its spending policies in order to ensure that further high profile corporate failures and major job losses are averted."
- 1 Husband creates spreadsheet detailing wife's 'excuses' for turning down sex
- 2 UK pirates will get four warning letters a year
- 3 Saneie Masilela, 9, marries Helen Shabangu, 53 years his senior, for the second time
- 4 Time runs out for Christian Iraq: Isis deadline passes with mass flight
- 5 Why I'm on the brink of burning my Israeli passport
Saneie Masilela, 9, marries Helen Shabangu, 53 years his senior, for the second time
Time runs out for Christian Iraq: Isis deadline passes with mass flight
Miley Cyrus death hoax: Fans distraught after Facebook scam goes viral and she doesn't tweet for three days
Malaysia Airlines MH17 crash: France and Germany accused of going soft on Putin as sanctions talks stall
Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
Malaysia Airlines MH17 crash analysis: A tragic lesson of advanced weapons in the wrong hands
- < Previous
- Next >
iJobs Money & Business
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...
£60000 - £75000 per annum + BONUS + BENEFITS: Harrington Starr: Business Anal...
£70000 - £90000 per annum + Job Satisfaction: Harrington Starr: Project Manage...