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Situl Raithatha of restructuring firm Springfields was appointed Administrator of Schlegel Automotive Europe Limited on 4 October 2012.

In mid November, the Administrator announced that despite extensive efforts it had not been possible to find a buyer for the business. Unfortunately, the position has not since altered and it is expected that production will cease at the plant in the week ending 20 January 2013. Regrettably the majority of the current work force of 82 are expected to face redundancy and a skeleton team will be kept on to assist with the winding down of the operations and disposal of the remaining assets.

The Administrator, Situl Raithatha said “Together with the Schlegel management we have continued to work tirelessly to find a buyer but unfortunately this has not been possible. I would again like to thank the management, the employees, contractors, customers and suppliers for their support during the period since Administration. ”

In conjunction with North West Leicestershire District Council and with the support of Unite the Union, an Employee Support event has been organised for the remaining work force and staff previously made redundant. This is being held at the Council offices at Whitwick Road, Coalville on Thursday 17 January 2013 between 10.00am and 3.00pm. It is expected that a number of agencies will be present and will be able to offer support and advice. Anyone requiring further information should contact Steven Finnie, HR Manager at Schlegel Automotive Europe Ltd by e-mail steven.finnie@schlegel-auto.com


8 January 2013

END

For all media enquiries, please contact:

Situl Raithatha
Springfields
0116 299 4745
situl.r@springfields-uk.com
http://www.springfields-uk.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Springfields Business Recovery & Insolvency Ltd in the following categories: Motoring, Business & Finance, Manufacturing, Engineering & Energy, for more information visit https://pressreleasewire.responsesource.com/about.