700 jobs to go from Connaught
Commercial review leads to 700 job cuts
About 700 jobs at stricken housing group Connaught will likely be axed the
administrators from KPMG have confirmed.
Administrator, Brian Green made the announcement following a commercial
review.
“Immediately following appointment we conducted a commercial review of the
staffing needs of the business and shortly thereafter took the decision to make
around 700 staff redundant,” he said.
“As announced earlier today, the majority of contracts have been acquired by
Morgan Sindall. The administrators continue to negotiate the novation of the
remaining contracts to other providers and remain hopeful that further staff
within Connaught Partnerships Ltd will be transferred to alternative providers.”
About 2,500 staff have already transferred to Lovell Partnerships. Concerns
employees should ring 0845 0176699. Creditors should call.
Connaught Environmental and Connaught Compliance continue to trade as normal.