BusinessBusiness RecoveryRok administrators cut 235 positions

Rok administrators cut 235 positions

PwC administrators have made 235 redundancies, but say they saved 381 jobs

ADMINISTRATORS FROM PwC have announced 235 redundancies at collapsed building company Rok, but said they secured 381 jobs via an agreed sale.

Mansell Construction Services will buy the construction and social housing divisions in Milton Keynes, Gatwick and Heathrow, with the transaction scheduled for completion today.

The remainder, including divisions in Reading, Crawley, Bristol, and Leeds will close, resulting in the job losses.

Mike Jervis, Rob Hunt, Rob Lewis and Jeremy Webb were appointed joint administrators of Rok Plc and Rok Building Limited on 8 November.

PwC director and joint administrator Webb said: “We are delighted that we have been able to secure a sale of part of the business hence preserving employment for 381 people.

“This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made today.”

The administrators continue to retain a team of people across the Group to assist them in their duties including in the winding down of the Groups operations.

 

 

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