Axe falls on 152 jobs at failed packaging firm

Administrators of Bury-based Pulse Flexible Package have made 152 redundancies.

KPMG’s Jonny Marston and Howard Smith have confirmed they re-started manufacturing at the company’s two sites at Bury and Saffron Walden in Essex where a total of 350 staff were employed.

The producer of flexible packaging for the consumer goods sector was placed into administration on April 3.

Marston, joint administrator and restructuring partner at KPMG, said: “Thanks to the overwhelming support of both customers and suppliers since our appointment, we have been able to recommence part-production across the business’ two sites.

“We are also in dialogue with a number of interested parties in the business, and will continue these discussions over the coming days and weeks in the hope of achieving a sale.

“Unfortunately, however, we have had to make redundancies across the two sites – 152 in total. We are now assisting these employees with their claims for any sums due to them from the Redundancy Payments Service.”

Any further interested parties are advised to contact Louise Rigby at KPMG on 07827 983056.

Click here to sign up to receive our new South West business news...