{"id":98963,"date":"2021-09-10T13:02:13","date_gmt":"2021-09-10T12:02:13","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=98963"},"modified":"2021-09-10T13:35:33","modified_gmt":"2021-09-10T12:35:33","slug":"cleveland-bridge-redundancy","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/cleveland-bridge-redundancy\/98963\/","title":{"rendered":"Cleveland Bridge: Redundancy warning as administrators fail to find buyer"},"content":{"rendered":"

Employees at engineering company Cleveland Bridge are being advised to prepare for redundancies as administrators fail to find a buyer<\/h2>\n

Cleveland Bridge is now preparing to end production later this month.<\/p>\n

Administrators FRP<\/a> said they “must prepare for the prospect that the business will cease to trade” after 20 September.<\/p>\n

Administrators had been optimistic about securing a buyer<\/a> to save the business, which collapsed on 22 July.<\/p>\n

However, redundancies<\/a> will also now start among the remaining 133 staff.<\/p>\n

In a statement, FRP revealed that with no viable offers remaining to save the business, it must now prepare for a property and asset sale.<\/p>\n

\u2018We have worked tirelessly in the hope of finding a buyer\u2019<\/h3>\n

Martyn Pullin, partner at FRP and joint administrator of Cleveland Bridge UK, commented: \u201cWe have worked tirelessly in the hope of finding a buyer who would continue to operate Cleveland Bridge as a going concern, running a thorough and extensive sales process.<\/p>\n

“However, with no current\u00a0viable offers remaining to take the business on, we must now prepare for a property and asset sale.<\/p>\n

\u201cOur specialist employment team will continue to work closely with the staff, their representatives, Unions and the council to support all the workers through what we know has been an extremely challenging time.\u201d<\/p>\n

Cleveland Bridge, was founded 144 years ago and has helped build some of the world\u2019s most iconic structures, including the Sydney Harbour Bridge and the Shard skyscraper in London.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Employees at engineering company Cleveland Bridge are being advised to prepare for redundancies as administrators fail to find a buyer.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[20347,636],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-98963","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-administration","8":"tag-engineering"},"acf":[],"yoast_head":"\nCleveland Bridge: Redundancy warning as administrators fail to find buyer<\/title>\n<meta name=\"description\" content=\"Employees at engineering company Cleveland Bridge are being advised to prepare for 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