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Post by guyarab on Mar 13, 2009 15:18:13 GMT 1
Fraser Eagle, based in Padiham, Lancashir, has gone into administration and 120 jobs have already gone.
Most of you will be aware that the company is linked with rail replacement requirements.
Source: Bus and Coach magazine
RouteOne magazine
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kendall17
Forum Member
Justice for the 96!
Posts: 4,515
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Post by kendall17 on Mar 13, 2009 17:24:10 GMT 1
Administration doesn't seem to mean much to be honest, now if it was in liquidation then i'd be worried.
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Post by jack97 on Mar 18, 2009 20:56:40 GMT 1
tell that to the people who dont have a job
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kendall17
Forum Member
Justice for the 96!
Posts: 4,515
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Post by kendall17 on Mar 18, 2009 22:40:07 GMT 1
Sorry but Administration is a procedure which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business.
Although people will be losing jobs the company will still be operating, i do feel for those losing jobs, my dad is in the industry and i have had few family members been made redundant.
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