Jarvis administrators Deloitte have made 1,100 staff redundant in the company’s rail and Fastline subsidiaries and at Jarvis Plc, after concluding that “it is not possible to continue to trade the businesses in the absence of further funding.”
The Jarvis Plc administrators - Neville Kahn, Nick Edwards, Phil Bowers and Ian Brown – were also appointed Interim Receivers and managers of Jarvis Rail Limited and Fastline Limited on Monday.
“After reviewing the business, and conducting negotiations with key stakeholders, the administrators have concluded that it is not possible to continue to trade the businesses in the absence of further funding. It has regrettably, therefore, been necessary to make some 1,100 redundancies across the three companies today,” Deloitte said in a statement.
The redundancies have taken place at the head office in York and other key sites including Doncaster, Glasgow, Leeds, Newcastle, and Peterborough.
Jarvis Accommodation Services Limited (in Administration), the facilities management part of the group, continues to trade as normal.
The administrators are working closely with all stakeholders to continue a normal level of service why they seek a buyer for the business as a going concern.
The administrators said they “have already received a significant amount of interest in this company.”