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Mivan cuts 100 jobs as administrators seek buyer

Nearly 100 jobs have been slashed at Northern Irish construction firm Mivan after it fell into administration last week.

The Antrim-based group employed 289 workers in total and has today announced 98 redundancies.

The remaining employees will stay in post while the group’s administrator, Deloitte, looks to sell the business.

Deloitte’s Peter Allen, who was appointed as administrator on 10 January, said: “While we hope to achieve a potential sale of the business, we are reviewing trading on a daily basis and this includes the employment situation. 

“Where customers can no longer continue with contracts, the jobs associated with these contracts have, unfortunately, been lost. We would like to thank the company’s employees for their support and professionalism during this time.”

Mivan specialises in fitting out cruise ships and high-end commercial and residential developments. It has offices in the UK, Romania, Russia, North Africa and the US.

The group made losses on projects in Romania last year, which led to the restructuring of the business in 2012.

However, after continued problems the group entered rescue talks with rival Lagan Group Holdings but failed to reach agreement.

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