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Caravan workers await payout news
Hundreds of workers who lost their jobs at a caravan factory are expected to find out on Monday how much redundancy pay they will receive. More than 340 employees at manufacturer Atlas in Hull were made redundant when the firm effectively ceased trading last Wednesday. Atlas Caravans, based off Hessle Road, has called in a firm of administrators. The outcome of talks between the firm, Hull City Council and administrators will emerge on Monday. Administrators BDO Stoy Hayward said the firm had suffered a “significant downturn in demand”. They said market difficulties and “discretionary spending” were to blame. ‘Significant interest’ Graham Newton, from the administrators, said: “Atlas has seen a significant downturn in demand, aggressive competitor pricing and has struggled with a high fixed cost base. “The administration reflects the continuing market difficulties being experienced by those who manufacture high capital value but discretionary spend items.” Mr Newton also cited poor trading conditions in the caravan sector which, he said, were the same as those being endured by high street retailers or motor vehicle dealers. He added: “Atlas, however, remains a very strong name in the industry and we remain hopeful that there will be significant interest in the remaining business and its assets.” There are now just 30 people understood to be working at the site. Quote from http://news.bbc.co.uk/1/hi/england/humber/7794482.stm Related Blogs
2 comments to Caravan workers await payout news |
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[...] Published a blog post. Caravan workers await payout news [...]
The growing number of redundancies in the Uk are currently terrifying. There is seldom a day that goes by, when my wife and I don’t encounter yet another distant friend or family member whose job is under threat, or worse, lost. I dare say, the fact that a caravan factory is closing down in this climate is ironic within itself. I wonder how many caravans will be available to live in when the government releases more crippling figures regarding the quantity of families being driven out of their homes.
Your opinion, Mr. Brown? Bankers of England, who have let us down?
My daughter sent me this yesterday – she’s buying one of these caravans to go to one of her festivals this year. I think it might come in handy for more people across the nation than her and her festival freinds.
http://www.caravanclub.co.uk/
God bless