285 jobs lost at construction group Dew
Receivers from Ernst & Young announce job losses at northern construction gorup
Nearly 300 jobs have been shedded at construction business Dew, joint
receivers Hunter Kelly and Charles King of Ernst & Young have announced.
Redundancies of 285 employees have been made at Dew Construction and Dew
Remediation, based in Oldham and Sheffield. Of 403 jobs based in Oldham, 267
were made redundant, while all 18 jobs were lost in Sheffield.
Joint receivers were appointed to Dew Construction Limited and administrators
for Dew Remediation Limited, subsidiaries of Dew Pitchmastic PLC – one of the
largest construction groups in the UK – following cash flow pressures.
‘Unfortunately it has been necessary to make these redundancies as the
workload was not sufficient to sustain the workforce,’ said Kelly.
‘Certain contracts have had to be ceased because they would have cost more
money to complete than would have been received for doing the work, and also
because customers are declining to place new orders.’
Kelly added that there has been interest in going concern sales for certain
divisions of the business, including Oldham-based fabrication and piling units.
Its Pitchmastic PmB business is not in receivership and continues to trade as
normal while a buyer is sought for this business.