Receivers cut 600 jobs at Endeva
Administrative receivers from PricewaterhouseCoopers have announced a package of 600 redundancies to help turn around the Endeva group of companies.
The restructuring programme is designed to aid the company move into a better position to serve its main customer Boxclever, the UK television rental group.
The receivers were appointed on 24 September and efforts to sell the business continue.
Tony Lomas, the PwC receiver at Endeva, said: ‘The receivership has given us the unique opportunity to work with management and staff to reorganise the business and turn it around.’
He added: ‘Regrettably we have had to make just over 600 staff redundant following the exit of Endeva from its loss making third party servicing and fulfilment business.’