Type
Bankruptcy
Country
United Kingdom
Region
Scotland;
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

500 - 720 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2012
Employment effect (start)
Foreseen end date
11 January 2012

Description

The Harte Group, a civil engineering group, has entered into administration resulting in the loss of 500 jobs. All 720 employees have been made redundant but 200 of them will be reemployed in order to deal with pending orders.The bankruptcy was blamed on the economic downturn of the building industry and on financially-troubled clients.


Sources

  • 11 January 2012: BBC News

Citation

Eurofound (2012), WJ Harte, Bankruptcy in United Kingdom, factsheet number 72970, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72970.