Pierse Contracting plans to halve its 211-strong workforce, as part of a rescue strategy aimed at saving the company from liquidation.
The insolvent construction company’s management team has made plans to make 110 staff redundant over the coming weeks in an effort to slash the company’s cost base, according to confidential court pleadings prepared for the Pierse Group.
A number of the company’s employees are already on protective notice, and staff will...
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