Covpress enters administration threatening 800 jobs

Covpress enters administration threatening 800 jobs
 

Around 800 jobs are at risk after Covpress went into administration.
Administrators from Grant Thornton have acted quickly to assure staff at the Canley car parts manufacturer that there are no immediate plans to make redundancies as they try to stabilise the firm.
The Coventry-based firm had been enjoying growth since it was taken over by Chinese firm Shandong Yongtai in a £30 million deal in 2013, that was one of the biggest investments by a Chinese firm in UK industry at the time.
Joint-administrator Eddie Williams, of Grant Thornton, told BBC Coventry and Warwickshire: "The... read more

 
30 September 2016 in Regional West, Views: 68
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