Menu
11/03/2009
Jobs Axe Fears At Construction Company
Up to 600 jobs are at risk, with news that a leading construction company has gone into administration.
Shropshire-based Wrekin Construction Group, which banks with Royal Bank of Scotland (RBS), said it was forced into administration because of the bank's "inflexibility" in releasing funds.
Wrekin, which also has bases in Yorkshire, Northamptonshire and Cheshire, said it had millions of pounds worth of orders.
Conservative MP for the area the firm is based in, Mark Pritchard said: "This is a long-standing and successful company with a large order book which has been driven into administration by the inflexibility of the RBS.
"Some of the blame has to fall on the doorstep on 10 Downing Street, given the government’s majority shareholding in the RBS."
Building Workers' union Ucatt also said a healthy company was failing because banks would not lend.
"There is a particular problem with the banks bailed out by government cash not passing it on to construction companies. This must be the last example of this problem," Alan Ritchie, general secretary of Ucatt said.
Wrekin, which also has subsidiaries in Staffordshire and Scotland, was established in 1960. Its work includes motorway and highway construction, refurbishment work to canals, rivers, rail routes and infrastructure, sewers and drainage.
(JM/NS)
Shropshire-based Wrekin Construction Group, which banks with Royal Bank of Scotland (RBS), said it was forced into administration because of the bank's "inflexibility" in releasing funds.
Wrekin, which also has bases in Yorkshire, Northamptonshire and Cheshire, said it had millions of pounds worth of orders.
Conservative MP for the area the firm is based in, Mark Pritchard said: "This is a long-standing and successful company with a large order book which has been driven into administration by the inflexibility of the RBS.
"Some of the blame has to fall on the doorstep on 10 Downing Street, given the government’s majority shareholding in the RBS."
Building Workers' union Ucatt also said a healthy company was failing because banks would not lend.
"There is a particular problem with the banks bailed out by government cash not passing it on to construction companies. This must be the last example of this problem," Alan Ritchie, general secretary of Ucatt said.
Wrekin, which also has subsidiaries in Staffordshire and Scotland, was established in 1960. Its work includes motorway and highway construction, refurbishment work to canals, rivers, rail routes and infrastructure, sewers and drainage.
(JM/NS)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
19 October 2015
London Firm To Establish Offices In Belfast
Clarus Financial Technology, a London-based Fintech company, is establishing a research and development centre in Belfast with support from Invest Northern Ireland, creating 15 new jobs.
London Firm To Establish Offices In Belfast
Clarus Financial Technology, a London-based Fintech company, is establishing a research and development centre in Belfast with support from Invest Northern Ireland, creating 15 new jobs.
18 November 2010
Roofing 'On Top Of World' At King's Hall
In defiance of the beleaguered construction sector, competition got underway this week for the 23rd World Championship of Young Roofers in Belfast.
Roofing 'On Top Of World' At King's Hall
In defiance of the beleaguered construction sector, competition got underway this week for the 23rd World Championship of Young Roofers in Belfast.
01 July 2010
Tesco Builds Employment For Craigavon
Work has begun on a new Co Armagh supermarket development that - once completed - is set to deliver a £25m investment and 300 new retail jobs for the area.
Tesco Builds Employment For Craigavon
Work has begun on a new Co Armagh supermarket development that - once completed - is set to deliver a £25m investment and 300 new retail jobs for the area.
29 October 2008
€400m Gas Plant Promises 600 Construction Jobs
Construction of a €400m Board Gais power plant has got underway in Cork - promising to generate over 600 building jobs. The Whitegate plant project is expected to be complete by June 2010, and will power around half a million homes.
€400m Gas Plant Promises 600 Construction Jobs
Construction of a €400m Board Gais power plant has got underway in Cork - promising to generate over 600 building jobs. The Whitegate plant project is expected to be complete by June 2010, and will power around half a million homes.
13 October 2003
National Construction College Scotland Launches New Apprenticeship
The Scottish construction industry's need for a dramatic improvement in its health and safety record has led to the development of a new training course. The Occupational Health and Safety SVQ Level 3 has been developed by the National Construction College Scotland – the training division of the CITB Construction Skills.
National Construction College Scotland Launches New Apprenticeship
The Scottish construction industry's need for a dramatic improvement in its health and safety record has led to the development of a new training course. The Occupational Health and Safety SVQ Level 3 has been developed by the National Construction College Scotland – the training division of the CITB Construction Skills.
-
Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
