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Workers meet with administrators | |
(about 5 hours later) | |
Workers at Reid Transport are meeting administrators following a stand off outside the haulage firm. | |
A total of 200 jobs are to be lost at the Cloughmills-based company which went into administration on Wednesday. | |
Earlier on Friday it emerged, according to Reid Transport Ltd's latest accounts, it was £3.2m in debt in 2005. | |
Five weeks ago the company's managing director Liam Reid described rumours that it was in trouble as "malicious and unfounded". | Five weeks ago the company's managing director Liam Reid described rumours that it was in trouble as "malicious and unfounded". |
Workers have remained at Reid's in protest over salaries they fear they may never be paid. | Workers have remained at Reid's in protest over salaries they fear they may never be paid. |
Economy Minister Nigel Dodds said help would be given to the 200 workers who have been made redundant. | Economy Minister Nigel Dodds said help would be given to the 200 workers who have been made redundant. |
In August, Reid's announced on its website that it had just opened a new depot in Buckinghamshire to cope with increased volumes of freight. | In August, Reid's announced on its website that it had just opened a new depot in Buckinghamshire to cope with increased volumes of freight. |
Staff told the BBC on Thursday that in recent weeks, their workload had significantly increased with drivers working longer hours and delivering bigger loads. | Staff told the BBC on Thursday that in recent weeks, their workload had significantly increased with drivers working longer hours and delivering bigger loads. |
The administrators, Price Waterhouse Coopers, are currently examining the company's books and will report to the Department of Enterprise Trade and Investment. | The administrators, Price Waterhouse Coopers, are currently examining the company's books and will report to the Department of Enterprise Trade and Investment. |