Safestyle, a door and window maker, has made around 680 workers redundant after failing to find a buyer and falling into administration. The company will keep around 70 employees in the short term to help wind down the business. The decision was made due to pressures such as inflation, poor consumer confidence, and reduced demand for products.
Administrators for Safestyle have said the business has made around 680 of its workers redundant after it fell into administration. Interpath Advisory said around 70 of the door and window maker ’s 750 employees would be kept on in the short term to help wind down the business. It comes after Safestyle said on Friday it intended to appoint administrators after failing to find a buyer.
Rick Harrison, managing director at Interpath Advisory, said: “These are really challenging times for companies across the home improvement market. After seeing strong sales during the Covid lockdown periods, many companies are seeing trading being impacted by the cost-of-living crisis and soaring costs.” GMB, a union that represents the workers, said 600 staff members were marched off site at Safestyle UK's factory in Barnsley.
Safestyle Redundancies Administration Door And Window Maker Inflation Consumer Confidence Demand Protest
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