Belfast Telegraph

Saturday 23 August 2014

Carpet company hits the floor

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.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More