Rotary staff face anxious wait as Irish firms close

Aaron Morby 4 years ago
Share

Hundreds of staff at M&E contractor Rotary are waiting to hear whether their jobs are secure as administrators were called into the Dublin and Belfast businesses of the group.

_61981530_rotary

Around 60 staff lost their jobs after Rotary Services in Belfast closed its doors yesterday, and the Dublin business was placed in administration earlier this week, according to a report by the BBC.

Now more than 500 staff are waiting for a statement about the future of the operations in England.

Several M&E contractors are understood to have looked at Rotary since the for sale sign went up when Australian parent company Hastie fell into administration in May.

Rival M&E firm Lorne Stewart is understood to have made a serious approach and a deal may still be in the offing for Rotary’s remaining businesses.

But the quick deal promised by Rotary CEO Phil Laidlaw has so far failed to materialise.

Rotary’s head office is in Warrington with regional divisions operating out of offices in Newcastle, Leeds, Ruislip and Livingstone in Scotland.

FTI Consulting, which is understood to be acting as administrator in Ireland and spokesman for the company, is expected to make a statement shortly.

Rotary was established in Northern Ireland by the Jennings family in 1954 and grew into a major player as well as leading the UK export drive with overseas contracts.

The firm was snapped up for more than £100m four years by Australian building services specialist the Hastie Group.

But the fast-growing Hastie Group was placed into administration after running up debts and talks with banks to refinance the business failed.

Latest news

Horrifying New York crane collapse caught on video

Crane boom kills one and injures three in lower Manhattan street
1 day ago

Balfour Beatty payment row over £121m Greenwich hotel

Dispute rages over late delivery of 18-storey hotel next to the O2 on Greenwich Peninsula in London
2 days ago

Alarm raised as motorists drive through M11 roadworks

Highways England issues plea after drivers ignore closure notices
2 days ago

Project delays see Skanska UK margins slip to 2.7%

Construction and development profits stable at £38m as turnover rises 12% to £1.43bn
2 days ago

Go-ahead for £130m Oxford Brookes University revamp

Turner & Townsend is the project manager for the Headington Campus upgrade
2 days ago

Willmott Dixon HS2 college gets planning green light

Willmott Dixon on track to start construction in April
2 days ago

Lighthouse Club challenges industry to raise £1.5m

Funds will be spent on whole range of safety and training initiatives: SIgn up here
2 days ago

Bouygues to start £40m Cheltenham student village

£40m Government guarantee is the first given to a privately-financed university accommodation project
3 days ago

Window firm put West End shoppers at risk

Work stopped after concerned member of the public takes shock photos
3 days ago

Midlands building contractor Denman goes under

Melton Mowbray building contractor began trading in 1880
3 days ago

Betting Spy: Cunning Foxes to score against City

Goals on the cards at the Etihad but Spurs and Swansea looks a safer double
3 days ago

Bouygues walks away from £65m Great Ormond Street job

Contractor quits job months into work on site after failing to agree final price
3 days ago


Opinion: Is the London luxury resi boom over?

Contractors becoming wary of pricing-up jobs in over-heated market
3 days ago

TfL picks partners to develop £3.6bn of property assets

Balfour Beatty, Berkeley, Canary Wharf Group among 13 development partners
4 days ago

Trio win Birmingham housing repairs deal

Keepmoat, Wates and Willmott Dixon sign new-style housing maintenance deals
3 days ago

World’s largest wind farm to be built off Yorkshire coast

Dong Energy inks final investment decision to create 2,000 construction jobs
4 days ago

Mace submits plan for Oxford shopping centre revamp

Revised plan lodged for West Way shopping precinct in Botley
3 days ago

Fire door warning following fatal tower block blaze

Lewisham Homes fined £40,000 for failing to maintain fire doors
3 days ago

Fraudsters set up web of 15 phantom construction firms

Bogus companies claimed £50m in turnover to dupe innocent suppliers
4 days ago

Caswell Surveyors changes name to Green Shield Environmental

Rebranding follows failure of former parent company Caswell Environmental Services
4 days ago