Type
Bankruptcy
Country
United Kingdom
Region
North East; Tees Valley and Durham;
Location of affected unit(s)
Thornaby
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

148 jobs
Number of planned job losses
Job loss
Announcement Date
23 February 2012
Employment effect (start)
24 February 2012
Foreseen end date

Description

Building contractor MJN Colston in Thornaby has gone into administration making 148 employees redundant. The bankruptcy is blamed on a decline in business activities.

The administrators are currently seeking a buyer for the business and its assets.


Sources

  • 23 February 2012: BBC News

Citation

Eurofound (2012), MJN Colston, Bankruptcy in United Kingdom, factsheet number 73162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73162.