Redundancies at Headleys

By Jo Francis, Friday 17 February 2017

Be the first to comment

Workers at Headley Brothers are braced for news of wide-scale redundancies at the up-for-sale business, which has again extended the measures that provide it with protection from creditors.

headleys-screen-shot

Headley Brothers: redundancies being made today

The Ashford-based magazine printer filed a further notice of intention to appoint administrators earlier this week, which extends the moratorium on action by creditors against the company.

The firm has been consulting on redundancies since last week, and PrintWeek understands that at least 80 jobs will go today (17 February) – around 42% of the workforce.

Headley Brothers employs circa 190 staff in total.

Steve Adshead, a partner at Smith & Williamson, the business advisory firm handling the sale said: “Dialogue continues with interested parties but we don’t yet have a firm offer to proceed with. There are redundancies happening following the consultation process that has been going on for over a week.”

The printer lost its contract to print two weekly magazines for Northern & Shell earlier this month.

Headley Brothers was put up for sale in January, when the £19.3m turnover business also filed its first notice of intention to appoint administrators as part of the accelerated sale process.

Share this

Related headlines

Headley Brothers loses N&S work
10 February 2017

Headley Brothers has been dealt a blow with the loss of its contract to print two weekly magazines for...

Headley Brothers put up for sale
26 January 2017

Long-established family-owned magazine printer Headley Brothers has been put up for sale and has filed...

Article Tags

This Issue

Latest comments