Home / Knowledge / News / Apparel/Garments / Further lay-offs in Stirling Group
Further lay-offs in Stirling Group
05
Feb '10
Altrincham-based swimwear and lingerie supplier 'Stirling Group' has axed a further 36 workers, after the company was placed into administration. These redundancies made at Stirling Group, are the outcome of its ongoing cost assessment, said Mr. Bill Dawson, a partner in the reorganization services practice at Deloitte.

The redundancies are mainly related to the administration staff, he added. Almost 200 were employed at its head office in Atlantic Street in Broadheath, and 50 more in Nottingham. But, at present, around 120 people have been retained in the firm with an expectation of finding a buyer.

Stirling had been impacted hard due to the recession and financial challenges, which also took its toll on the economy as a whole, said Mr. Dawson, who was appointed as joint administrator with Lee Manning on January 22.

Following Deloitte's appointment as an administrator, around 47 employees were made redundant. Taking into account the future of rest of the staff in Stirling, Deloitte was taking active efforts to search for more options for a sale, he added further. The group has annual turnover of more than £100 million and has operations in countries such as Sri Lanka and India.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Aug 2016

French textile machinery makers to show at ITMA CITME

Seven French textile machinery manufacturers will showcase their...

courtesy: JLL

Apparel/Garments | On 27th Aug 2016

Indian cities clocking fastest retail growth: Report

Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...

courtesy: Delta Galil

Fashion | On 27th Aug 2016

VF Corp completes sale of 3 brands to Delta Galil

VF Corporation, a global leader in the design, manufacture, marketing ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search