Administrators make 91 redundant at Solus to stem losses
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The administrators at Solus have axed 91 jobs because of the company’s growing losses, it was announced late yesterday.  The Droitwich depot bears the brunt of the redundancies, with 32 jobs lost, followed by the Hunnington HQ (24), West Bromwich (16), Norwich (13), Edinburgh (4) and Tipton (2).
In a statement, joint administrators Rob Hunt and Tony Barrell, who were appointed on 15 May, said they were working closely with employees affected to assist with their redundancy payments and compensation. Solus’s remaining 159 staff had been briefed while the company contrinues to operate as normal Hunt and Barrell said difficult trading conditions and the decision by its major supplier [Scotts] to end its distribution agreement meant the business’s cost structure was no longer in line with the reduced turnover. The business was incurring “significant losses”. It was encouraging, they added, that customers were being supportive. Discussions with potential purchasers parties were still at an early stage but they remained hopeful of securing a sale.
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