Summary
A manufacturer employing 450 workers has called in receivers after a pension fund deficit.
The Armstrong Group, with 400 people at factories in Dar-laston and Willenhall and 50 in Hull, said it had been in protracted negotiations with the trustee of its pension fund for two years after being served with a pounds 36 million debt.See the full content of this document
Extract
Business: Receivers Called in Over Pension Hole
The firm, with sales of pounds 33 million, said it did not have the cash to pay the money but had tried to avoid insolvency and protect jobs.
Failure to reach agreement generated "co...See the full content of this document
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