Essential reading for retailers and suppliers in the home improvement market

UPDATE: 91 jobs go at Solus

Published: 21 May 2014
Sweeping redundancies were announced at Solus this afternoon, less than a week after the garden wholesaler went into administration.
UPDATE: 91 jobs go at Solus
Of the company's 250 employees, 91 working at head office and in operations and the distribution centres located across the country have now lost their jobs.

Solus' troubles mounted with a drop in turnover due to adverse trading conditions and after Scotts Miracle-Gro - Solus' major supplier - terminated its distribution agreement with the company.

Rob Hunt and Tony Barrell of PwC were appointed administrators on Thursday.

In a statement released today, PwC said: "The business' cost structure was no longer in line with the reduced sales volume, and significant losses were being incurred.

"PwC can confirm that having reviewed the ongoing requirements of the business, regrettably there have been 91 job losses.

"The administrators are working closely with employees affected by this decision to ensure they receive the support they need during this difficult time to assist with their claims for redundancy and other compensatory payments.

"All other staff remaining at the company have been briefed, with the administrators working closely with them over the coming weeks as the business continues to operate as normal."

Of the 91 job losses, 24 are at Hunnington, 32 at Droitwich, 16 at West Bromwich, two at Tipton, 13 at Norwich and four at Edinburgh.

"Making redundancies is always difficult," commented Mr Barrell. "However the scale of ongoing losses made this necessary if the business is to continue trading.

"We would like to thank all employees for their support to date. The last few days have been very challenging for them."

He added: "It is encouraging that customers are being supportive, and we have had expressions of interest from a range of parties. Discussions with interested parties are still at an early stage but we remain hopeful of securing a sale."

Comments

21 May 2014 01:06:00
By A N OTHER
its very sad to see this happen but what is sadder is they way it has been handled and - cost cutting - i think not!! otherwise middle men should have been first to be cut not Joe blog's workers who have been committed over the years and staff with very little knowledge and very little to bring to the table kept - "faces just did NOT fit - new faces obviously do"
21 May 2014 01:05:00
By Ekim Nayr
Sad to see a lot of great colleagues leave today . Through no fault of their own . Meanwhile 'Swiss Tony' is still there. Where is the fairness in that .Shame on him.
21 May 2014 01:04:00
By Gary Martin & Steve Wilkie ( Simply Sales )
It's very sad to see the redundancies taking place, there are allot of excellent people within Solus and our thoughts are with each and every one of them at this very difficult time. We wish them all the very best for the future.
21 May 2014 01:03:00
By Steve
Great!!!! Went to work this morning only to be laid off this afternoon !! Me for one hopes the company goes belly up !!!!!!
21 May 2014 01:02:00
By vikki d
I have worked at West Bromwich for just over 13 years and have been of sick for the last 3 months after having a operation on my knee, little did I know than that I would not be going back to work there. Words can not express how upset I feel at the moment,( crying as I write this ) ok things weren't always great and sometimes it was hard work getting orders out on time but we always managed it somehow. Sad as it may be I loved working at Barlow drive, and thought I would be there until I retired, we were only small depot but we were like a family working together as we have all been there at least 7 years, I am going to miss everyone so much. I hope that us loosing our jobs means that those who have been lucky enough to keep theirs don't have to go through the hurt that I know we are all feeling at the moment. Good luck to all those of you that are now looking for a new job hope we all find something soon.
21 May 2014 01:01:00
By Ryanchesternewman
Well done to all the leading lights in Solus who have brought it to this . Your leadership & management have been extra ordinary.
Other comments page: 1 2

(Your email address will not be published)
3 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories