Monday, 29 November 2010

Total Rok redundancies hits 2,600.

Following a collapse in the sale of some parts of its business, construction firm Rok has announced that a further 1,800 jobs have been cut. Rok plc and Rok Building Limited were put into administration earlier this month after findings showed the company had failed in controlling its financial and operational aspects.

After an initial flurry of interest in the purchase of the maintenance division across the UK and the company construction business in Scotland, buyers lost interest following a review of Rok’s overall cost.

PwC administrator Rob Hunt said: “Regrettably, the redundancies made today were necessary as it became clear in the last 24 hours that we were not going to be able to find a purchaser for these parts of the Group.”

He added: “Operations cannot continue and hence we have had to take steps to close both the maintenance and improvements division as well as the Scottish construction division.”

Rok is still looking to sell its English construction and social housing division, which employs 500 people.