Major job losses at Bezier
MORE than 250 staff have been made redundant at print business Bezier, administrators Deloitte have confirmed.
The business, an arm of the London-based point-of-sale marketing services business, employs 402 people across its Wakefield, Leeds and Poole sites.
Pointer Design and Manufacture, an offshoot of the print business, still has some residual assets, but is no longer trading and does not have any employees. A sister company, Coutts Retail Communication, is not affected by the administrations.
Matt Smith and Daniel Butters of Deloitte in Leeds were appointed joint administrators to Bezier and Pointer Design and Manufacture on Wednesday.
The joint administrators said that in the absence of any funding there was “no alternative but to immediately reduce the Bezier operations”.
A number of staff are to be kept on in the short-term whilst options are explored to dispose of the business or move customers to new providers.
Mr Smith, restructuring services partner at Deloitte, said: “The company has suffered a prolonged period of difficult trading which has resulted in it being unable to meet its financial obligations.
“Regrettably there is no other option but to announce these redundancies at this time. We have sought to retain 148 employees for the present time to assist the Administrators with on-going trading and to seek an orderly transition of the companies’ business.”