1800 Further Redundancies at Rok

The number of jobs lost following Rok’s collapse has now soared to 2,779 after administrators announced a further 1,800 redundancies on Tuesday.

PricewaterhouseCoopers has said that the redundancies are in the maintenance and improvements division throughout the UK and also in the construction business in Scotland.

The further redundancies follow the administrators’ failure to find a buyer for the group’s division. The construction and social housing division in England remains unaffected as administrators said that they are continuing to pursue a sale of this part of the business.

Joint administrator Rob Hunt, speaking on Tuesday, 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."

Hunt said that he continued to maintain a dialogue with parties interested in the Construction and Social Housing business in England. This division employs approximately 500 people and administrators expect to have further updates during this week.

Posted at 03:58PM Nov 19, 2010 by Marc Stenton in Insolvency  |  Comments[0]