Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Wholesale trade
Wholesale on a fee or contract basis
46.14 - Activities of agents involved in the wholesale of machinery, industrial equipment, ships and aircraft

492 jobs
Number of planned job losses
Job loss
Announcement Date
27 November 2008
Employment effect (start)
Foreseen end date

Description

Speedy Hire, a company that hires tools and machinery, is to cut 492 jobs. The company attributed the cuts to the need to reduce costs as the construction sector declines. The company, which employs 5000 staff across 500 branches, will close 38 of its sites, although as of 30 November 2008 it is not known which sites will close or when these closures will occur.


Sources

  • 27 November 2008: BBC News

Citation

Eurofound (2008), Speedy Hire, Internal restructuring in United Kingdom, factsheet number 67522, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67522.