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

240 jobs
Number of planned job losses
Job loss
Announcement Date
11 May 2012
Employment effect (start)
11 May 2012
Foreseen end date

Description

Uist Builders will make 240 staff redundant due to insolvency. The cuts will affect several plants in Scotland, UK.

The move was blamed on the 'tough trading conditions'. The company was unable to find a buyer and the employees affected by redundancies have already been given notice. The company said it will work with the Scottish government in order to minimise the impact of the restructuring and to help the affected staff find new jobs.


Sources

  • 11 May 2012: BBC News

Citation

Eurofound (2012), Uist Builders, Bankruptcy in United Kingdom, factsheet number 73566, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73566.