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Carpet company hits the floor

Published 06/03/2013

Three-quarters of the workforce at historic carpet firm Axminster has been made redundant after it entered administration.

The Devon firm, which dates back 250 years, blamed a sharp rise in raw material prices and economic difficulties for the decision to go into administration. Restructurers firm Duff & Phelps said it was necessary to make around 300 staff redundant.

Belfast Telegraph

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