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Jobs axed at frozen food factory | Jobs axed at frozen food factory |
(39 minutes later) | |
More than 350 people will be made redundant at a frozen food factory on Tyneside, administrators have said. | More than 350 people will be made redundant at a frozen food factory on Tyneside, administrators have said. |
Newcastle Production, which runs Findus Food factory in Longbenton, announced it had major cash flow problems only a week after it was gutted by a blaze. | Newcastle Production, which runs Findus Food factory in Longbenton, announced it had major cash flow problems only a week after it was gutted by a blaze. |
Administrators, Zolfo Copper, said that redundancies had to be made because of the amount of damage caused by the fire. | |
A task force has been set up to help those affacted find new jobs. | A task force has been set up to help those affacted find new jobs. |
The GMB union said it was devastating news and families would struggle. | The GMB union said it was devastating news and families would struggle. |
Organiser Chris Preston said: "GMB members who are losing their jobs are victims of the private equity craze and the credit crunch that resulted from irresponsibility in the financial markets." | Organiser Chris Preston said: "GMB members who are losing their jobs are victims of the private equity craze and the credit crunch that resulted from irresponsibility in the financial markets." |
'Future options' | 'Future options' |
Simon Wilson, partner at Zolfo Cropper, said that they still hoped to sell the company. | Simon Wilson, partner at Zolfo Cropper, said that they still hoped to sell the company. |
A response group has been set up by North Tyneside Council to lead efforts to support the 359 made redundant. | A response group has been set up by North Tyneside Council to lead efforts to support the 359 made redundant. |
It will include regeneration agency One NorthEast, Jobcentre Plus and Business and Enterprise North East. | It will include regeneration agency One NorthEast, Jobcentre Plus and Business and Enterprise North East. |
All staff affected by the announcement are to be invited to a meeting at the factory on January 22 to be briefed by the response team. | All staff affected by the announcement are to be invited to a meeting at the factory on January 22 to be briefed by the response team. |
Elected Mayor John Harrison said: "This is a disappointing announcement for the staff of Findus and the wider community. | Elected Mayor John Harrison said: "This is a disappointing announcement for the staff of Findus and the wider community. |
"As a council, we have established a response group to both explore future options for this important business and to ensure that all those affected by the company's administration are given as much support as possible." | "As a council, we have established a response group to both explore future options for this important business and to ensure that all those affected by the company's administration are given as much support as possible." |
The factory produced a range of frozen food products under the Findus brand, including crispy pancakes, ready meals and fish fingers. | The factory produced a range of frozen food products under the Findus brand, including crispy pancakes, ready meals and fish fingers. |