Printer Friendly

Jobs go as building firm collapses.

REDUNDANCY letters have been sent out to 33 workers after a Coventry construction firm collapsed.

The GAJ group, based at Westwood Business Park, has called in administrator RSM Tenon who said the ripple effect of firms collapsing elsewhere in the sector has been a factor in GAJ's decline.

Bev Marsh, director at RSM Tenon, said: "It appears the group's situation has been caused by a combination of factors.

"Not only has the economic downturn spelled disaster for a number of regional and national firms in the construction sector, but with public spending cuts GAJ had suffered from the reducing numbers of tenders in the market. When a large business fails the knock on effect can be devastating. It is not uncommon for failures of businesses four or five levels removed from a large failure to occur 12 months or more later on."

The GAJ group specialised in building restoration and conservation.
COPYRIGHT 2011 Coventry Newpapers
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Coventry Evening Telegraph (England)
Date:Feb 1, 2011
Words:151
Previous Article:Fire safety tips from the oven.
Next Article:UK CALLS FOR 'FAIR ELECTIONS'.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters