235 more jobs go at building firm RoK
A further 235 redundancies will be made at building services firm Rok following the sale of parts of the firm, administrators said today.
PwC announced a deal in which construction plants at Milton Keynes, Gatwick and Heathrow, and the group's social housing arm in the South West and North West, will be sold to Mansell Construction services, a subsidiary of Balfour Beatty.
But operations in Reading, Crawley, Bristol, Exeter and Leeds will be axed after they were not included in the sale.
The move will see around 380 people transferred as part of the deal, but 235 will be made unemployed.
It takes the total job losses at RoK close to 2,800. Around 200 people will remain at the firm to help wind down operations, administrators said.
The self-styled "nation's local builder" appointed PwC as administrators last week after it fell into difficulties in meeting its "financial obligations".
The Exeter-based firm was hit hard during the financial crisis, when it lost several private and public sector clients.
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 plumbing, heating and electrical arm.
Announcing the latest development, Jeremy Webb , director and joint administrator at PwC, said: "We are delighted that we have been able to secure a sale of part of the business, hence preserving employment for 381 people.
"This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made today."
- 1 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 2 Louis van Gaal gets tough with Manchester United players, with Darren Fletcher and Luke Shaw berated in public and Phil Jones left looking bemused
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Peaches Geldof inquest: Tragic final moments of socialite's life reveal she lied to husband about failed heroin tests
- 5 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
Lana Del Rey: 'I have slept with a lot of guys in the industry'
Peaches Geldof cause of death: 'Heroin addict' socialite had taken fatal dose of drug, inquest concludes
Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
Peaches Geldof inquest: Tragic final moments of socialite's life reveal she lied to husband about failed heroin tests
Israel-Gaza conflict: The myth of Hamas’s human shields
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 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
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: Massive rise in sale of British arms to Russia
iJobs Money & Business
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...