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131 posts in balance at troubled firm
A lorry parts business parts business has gone in to administration after more than 80 years,leaving 131 jobs hanging in the balance.
Emloyees of JC Payne Truck bodies Ltd in Aldridge have been sent letters informing them of the firms financial crisis.
Administrators Tenon Recovery confirmed it had been called in by the firm.
The latest blow to manufacturing in the area comes after more than 500 jobs were shed in Aldridge alone in recent months. A shift was still working at JC Paynes site in Westgate today but one worker,who did not want to be named, said staff had been left out of pocket.
The administrators have revealed that they did not have funds to pay wages owed or redudancy payments despite the fact that short time working has been in place since January.
The company is one of the countrys largest manufacturers of commercial vehicle bodies but has struggled recently from a lack of orders as a direct result of the recession.
Employers recognise the valient efforts of the directors in a bid to sustain the company but ultimately the general lack of business within the commercial vehicle industry caused its demise.
The JCP website says the firm has been going since 1921.The firm makes body parts for leading truck manufacturers.
Scorces of jobs are at risk at nearby vehicles components maker GKN Driveline,in Middlemore Lane,where 272 people are employed,after the company revealed plans to close production.
Aldridge firm Bolton Brass in Middlemore Lane made 129 redundant at the end of 2008,while delivery firm company Amtrak,in Northgate Way shut with the loss of 230 jobs last August.
# - Dusan Popratnjak - 7/16/09; 9:32:32 PM -
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