British Broadcasting Corporation

Page last updated at 18:18 GMT, Friday, 4 July 2008 19:18 UK

More than 100 lose jobs at firm

More than 100 people have been made redundant after a construction firm went into administration.

Chase Norton Construction Limited, of Meriden, specialised in fitting out new buildings and refurbishing old ones.

Accountancy firm PricewaterhouseCoopers said 107 redundancies had been made at the firm which employed 123 people.

It said it was called in after staff wages could not be paid. The accountants are in talks with parties who showed interest in the business.

'Not paid'

The staff who have not been made redundant were helping the administrators in the sale of the business and transfer of contracts.

Mark Hopkins, joint administrator and director at PricewaterhouseCoopers, said it was contacting employers involved in different contracts.

"We are also in discussion with a number of parties who have expressed an initial interest in acquiring the business and or taking over some or all of the contracts in progress," he said.

"The lack of working capital available to the company also meant that the employees had not been paid their salaries at the time of our appointment as administrators."




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