This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-scotland-glasgow-west-43569903
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Vehicle rental firm collapses with loss of 428 jobs | Vehicle rental firm collapses with loss of 428 jobs |
| (about 1 hour later) | |
| More than 400 workers are to lose their jobs after a vehicle hire firm collapsed. | More than 400 workers are to lose their jobs after a vehicle hire firm collapsed. |
| TOM Vehicle Rental, based in Airdrie, North Lanarkshire, called in administrators after it was unable to overcome "operational difficulties". | TOM Vehicle Rental, based in Airdrie, North Lanarkshire, called in administrators after it was unable to overcome "operational difficulties". |
| Ernst & Young confirmed 342 employees had been made redundant across eleven locations in Scotland and England. | Ernst & Young confirmed 342 employees had been made redundant across eleven locations in Scotland and England. |
| Administrators have retained 86 employees for up to four weeks to help them wind down the business. | Administrators have retained 86 employees for up to four weeks to help them wind down the business. |
| Colin Dempster and Fiona Taylor have been appointed joint administrators of TOM Group Limited and its Scottish subsidiary companies - TOM Vehicle Rental Limited and Caledonian Truck and Van Limited. | Colin Dempster and Fiona Taylor have been appointed joint administrators of TOM Group Limited and its Scottish subsidiary companies - TOM Vehicle Rental Limited and Caledonian Truck and Van Limited. |
| The administrators said they were are confident of being able to sell the business and assets of a third subsidiary, Alistair Fleming Limited, which is based in Kilmarnock. | The administrators said they were are confident of being able to sell the business and assets of a third subsidiary, Alistair Fleming Limited, which is based in Kilmarnock. |
| That sale would see all 21 employees transferred to the new business. | That sale would see all 21 employees transferred to the new business. |
| Mr Dempster said: "The group has incurred operational difficulties and associated liquidity problems in recent years that reflect low utilisation of their rental vehicles, as a result of a competitive market and changing customer preferences. | Mr Dempster said: "The group has incurred operational difficulties and associated liquidity problems in recent years that reflect low utilisation of their rental vehicles, as a result of a competitive market and changing customer preferences. |
| "Despite the best efforts to save the group, it could not continue to operate as a going concern and administrators were appointed. | "Despite the best efforts to save the group, it could not continue to operate as a going concern and administrators were appointed. |
| "It is with regret that 342 people have been made redundant." | "It is with regret that 342 people have been made redundant." |
| He added that a specialist team would help those affected claim outstanding wages and other payments. | He added that a specialist team would help those affected claim outstanding wages and other payments. |