Tuesday, 12 December 2017

Multiyork cuts staff as it searches for a buyer

Multiyork has made more than 100 staff redundant and left nearly 500 jobs hanging in the balance, as its administrator scrambles to find a buyer for the furniture maker.

The Norfolk-based firm has told 112 staff they have lost their jobs, and will be paid until Tuesday.

Multiyork collapsed in November, citing difficult trading conditions.

Its administrator Duff & Phelps said it was continuing its efforts to sell all or part of the business.

However, Allan Graham, joint administrator at Duff & Phelps, said: "During this period of managed wind down, the process of selling in-store display items and other business assets will begin. We will also continue to fulfil customer orders."
The redundancies announced on Tuesday will affect staff at Multiyork's headquarters and manufacturing plant. Staff were told that they can claim redundancy and holiday pay from the government.

BBC        News.