Wednesday, Feb 13, 2008
Pickfords could become the first high-profile British casualty from the slowdown in the UK housing market
Times: Crisis at Pickfords puts 1,300 jobs at risk
Pickfords, Britain's oldest and largest removals company, is on the verge of a fire sale to avoid a financial crisis that would put up to 1,300 jobs at risk, The Times has learnt. The loss-making company is trying to sell some or all of its business as it seeks to secure additional funding to help to pay staff and creditors. If it failed, Pickfords would become the first high-profile British casualty from the slowdown in the UK housing market and the collapse of the American property sector.
Posted by jack c @ 09:31 AM (422 views) Add Comment
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