Jobs lost: Some five members of staff at the Lincoln branch of Unipart Automotive will lose their jobs after the company went into administration.
Five members of staff at the Lincoln branch of Unipart Automotive will lose their jobs after the company declared it is in administration.
Workers at Unipart on Dixon Way face redundancy along with over 1,390 other workers across the country.
Administrators KPMG found buyers for only 33 of the sites across England on a going-concern basis.
The Solihull-based business, which supplies car parts and garage equipment, had been experiencing “financial stress” for a number of years.
Mark Orton, a partner at KPMG and joint administrator, said: “Unfortunately, the business had been experiencing financial stress for a number of years, so the level of cash and further operational restructuring required to rescue a more substantial part of the business posed too much risk for most interested parties.
“Our team of employment specialists will be supporting all staff on completing redundancy forms and putting them in touch with job seeker services. We will now be reviewing what options are available for the remainder of the business, such as selling leasehold interests.”
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