Another 1,800 jobs go at Rok
PwC says redundancies at Rok surge to 2500 from an initial 700 due to a lack of demand from potential suitors for business divisions
A FURTHER 1800 redundancies have been announced at troubled housebuilder Rok after potential suitors snubbed the chance to snap up parts of the business.
This brings the total number of redundancies to more than 2500.
The job losses will fall in Rok’s maintenance and improvements divisions throughout the UK and also in the construction business in Scotland, administrators from PwC have said.
Rob Hunt, partner and joint administrator, said:
“Regrettably, the redundancies made today were necessary as it became clear in the last 24 hours that we were not going to be able to find a purchaser for these parts of the group.
Operations cannot continue and hence we have had to take steps to close both the maintenance and improvements division as well as the Scottish construction division. We have retained a small workforce to assist us in this process.”
The construction and social housing division in England is still up for grabs PwC added.
“The firm is continuing efforts to a sale of this part of the business,” Hunt added.