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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search