BusinessBusiness RecoveryWorcester collapse costs 40 jobs

Worcester collapse costs 40 jobs

PwC has retrenched 40 staff at collapsed historic Worcester china and porcelain company

PricewaterhouseCoopers (PwC) has
retrenched 40 employees at historic Royal Worcester & Spode after the
company went into administration – 22 immediate redundancies at the Worcester
factory, 15 at the company’s Stoke-on-Trent base and three at its
Newcastle-under-Lyme site.

The company, which employed 388 people in the UK at sites in the Midlands,
blamed the collapse on a failure to sell its site in Stoke-on-Trent coupled with
the current economic downturn,
The
Press Association
reports.

‘The administrators are working closely with all employees affected by this
decision to ensure they receive the support they need during this difficult time
to assist with their claims for redundancy and other compensatory payments,’ PwC
said.

‘The administrators have also briefed all other staff at Royal Worcester
& Spode and will work closely with them over the coming weeks as the
business continues to trade normally.’

Further reading:

Royal Worcester under PwC administration

Royal Worcester denies seeking rescue buyer

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor