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800 jobs at risk as Coventry firm goes into administration

Jobs at risk as Coventry firm goes into administration Credit: ITV News Central

Around 800 jobs are at risk after one of Coventry's biggest employers went into administration.

Covpress, which supplies Jaguar Landrover, was bought by a wealthy chinese owner in 2013.

Administrators say that they've been instructed because of urgent funding issues but no redundancies have been announced. The associated business Covpress Assembly Limited is unnaffected.

A spokesperson for the administrators Grant Thornton said:

The business has faced a numbers of challenges which has impacted on its growth strategy and unfortunately the company had to be placed into Administration due to significant and urgent funding issues.

We are urgently reviewing the financial position of the business and will seek discussions with customers and suppliers around their support which will be critical to any outcome.

We expect significant interest in this growing business and with that support, we will look to pursue a sale or rescue of the company. No redundancies have been announced at this time and we would encourage any expressions of interest in the company.

– dministrators Grant Thornton


Plumb Center owner set to axe up to 800 jobs

A general view of a Plumb Center depot. Credit: PA Images

Plumb Center owner Wolseley, which has its headquarters in Leamington Spa, is set to axe up to 800 jobs.

It's part of a restructuring programme that will see it shut 80 branches and a distribution centre. The shake-up will cost the firm £100 million.

The group employs 6,000 people in the UK and operates across 750 branches.

The closure of around 80 branches and one distribution centre is expected to lead to up to 800 job losses, the impact of which we will minimise through redeployment and attrition as far as possible.

The programme is subject to consultation which will commence shortly and is expected to take 90 days.

– Wolseley spokesperson
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