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You are here: Home1 / rescue plan

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What next for Unipart Automotive workers?

Career Tracks, UK News

When the news broke that Unipart had entered administration, it will have been something of a blow for the 1800-odd “loyal” employees of the company. Indeed the only good thing for employees was the end of the speculation roller coaster than began with managers suggesting a rescue could come in 36 hours, followed by reports that Euro Car Parts was a front runner, and finally the announcement two weeks later that nothing could be done for the company. But what about staff?

Read more

Related news:

  1. Euro Car Parts hires 65 ex-Unipart Automotive employees
  2. Euro Car Parts adds three Unipart Automotive recruits to its National Accounts department
  3. ‘Loyal’ Unipart Automotive staff in quandary while takeover talks continue
  4. William Blair in favour of a Euro Car Parts rescue of Unipart Automotive
28th July 2014/by Tyrepress Editors

William Blair in favour of a Euro Car Parts rescue of Unipart Automotive

UK News

Investment bank William Blair said it views a potential rescue deal between Euro Car Parts and Unipart Automotive, if it were to happen, as “a good fit”. However, these words were written in an investor’s note dated 10 July and so far there hasn’t been any more information on how the talks with Euro Car Parts, Better Capital and at least one other party are progressing as yet.

Read more

Related news:

  1. ‘Loyal’ Unipart Automotive staff in quandary while takeover talks continue
  2. Are Unipart Automotive rescue bids in?
  3. Is Unipart Automotive being lined up for sale to Euro Car Parts?
  4. Euro Car Parts buys 27 Unipart Automotive branches
18th July 2014/by Tyrepress Editors

Are Unipart Automotive rescue bids in?

UK News

Sources are reporting that the Unipart Automotive rescue bids have been received and we are likely to hear the outcome in the next 24 hours, but these claims could not be officially verified. Earlier in the week separate sources close to the negotiations told Tyres & Accessories they were expecting talks to conclude towards the end of the week, which would seem to fit into the same timeframe. With managers saying they were hopeful talks could be wrapped up in 36 hours at the beginning of the process on 8 July, the fact that almost 10 days have now passed suggests things are becoming increasingly urgent. It is also putting pressure on its loyal workforce. However, the official line from shareholders Unipart Group and H2 Equity as well as one of the three bidders Euro Car Parts has been a unified “no comment”.

Read more

Related news:

  1. ‘Loyal’ Unipart Automotive staff in quandary while takeover talks continue
  2. Is Unipart Automotive being lined up for sale to Euro Car Parts?
  3. William Blair in favour of a Euro Car Parts rescue of Unipart Automotive
  4. H2 acquiring controlling stake in Unipart
17th July 2014/1 Comment/by Tyrepress Editors

‘Loyal’ Unipart Automotive staff in quandary while takeover talks continue

UK News

We know Unipart Automotive is in need of a buyer. We know at least three companies including Euro Car Parts and Better Capital are talking to the owners about a takeover/rescue plan. But a lot remains unknown and so Unipart Automotive’s roughly 1600 employees are facing a great deal of uncertainty while the talks continue causing some to consider their employment options moving forward.

Read more

Related news:

  1. Are Unipart Automotive rescue bids in?
  2. Is Unipart Automotive being lined up for sale to Euro Car Parts?
  3. William Blair in favour of a Euro Car Parts rescue of Unipart Automotive
  4. H2 acquiring controlling stake in Unipart
17th July 2014/1 Comment/by Tyrepress Editors
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