Ceramaspeed to Close After Survival Bid Fails ; Manufacturing in Association with Www.Rbs.Co.Uk

Summary

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Hundreds of people are to lose their jobs after administrators at Kidderminster-based Ceramaspeed announced they were winding down the company.

Ceramaspeed, which makes heating elements for cooker sand employs about 300 people, went into administration on Monday after seeing its market freeze because of a collapse in consumer demand.

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Extract

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Ceramaspeed to Close After Survival Bid Fails ; Manufacturing in Association with Www.Rbs.Co.Uk

But administrators Grant Thornton said they were now winding down the company after customers who were owed money refuse...

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