Wednesday, 28 March 2018

TOM Vehicle rental firm collapses with loss of 428 jobs

More than 400 workers are to lose their jobs after a vehicle hire firm collapsed.

TOM Vehicle Rental, based in Airdrie, North Lanarkshire, called in administrators after it was unable to overcome "operational difficulties".

Ernst & Young confirmed 342 employees had been made redundant across eleven locations in Scotland and England.

Administrators have retained 86 employees for up to four weeks to help them wind down the business.

Colin Dempster and Fiona Taylor have been appointed joint administrators of TOM Group Limited and its Scottish subsidiary companies - TOM Vehicle Rental Limited and Caledonian Truck and Van Limited.
The administrators said they were are confident of being able to sell the business and assets of a third subsidiary, Alistair Fleming Limited, which is based in Kilmarnock.

BBC        News.

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