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Mivan job losses: 98 workers redundant at Antrim firm | |
(about 4 hours later) | |
Ninety-eight workers at the County Antrim construction firm, Mivan, have been made redundant. | |
It is about one third of the workforce at the company which was placed into administration last week. | |
It is understood that the jobs have been lost across the company after some clients cancelled contracts. | It is understood that the jobs have been lost across the company after some clients cancelled contracts. |
The firm is trading and the remainder of the staff will be back at work on Monday, as the administrator seeks a buyer for some or all of the business. | |
It is understood there have been several expressions of interest from potential purchasers. | |
Peter Allen of the administrator, Deloitte, said: "While we hope to achieve a potential sale of the business, we are reviewing trading on a daily basis and this includes the employment situation. | |
"Where customers can no longer continue with contracts, the jobs associated with these contracts have, unfortunately, been lost. | |
"We would like to thank the company's employees for their support and professionalism during this time." | |
The company specialises in fitting out cruise ships and high-end commercial and residential developments. | The company specialises in fitting out cruise ships and high-end commercial and residential developments. |
Mivan made massive losses on projects in Romania, which led to a restructuring of the business in 2012. | Mivan made massive losses on projects in Romania, which led to a restructuring of the business in 2012. |
However, it continued to face problems and late last year, it entered talks with Lagan Group Holdings about a possible takeover deal, but the discussions ended without agreement. |
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