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290 Jobs Lost as Major Glass Manufacturer Enters Administration
Administrators said high energy and raw material costs and weak demand left the glass maker unable to meet its financial obligations.
- On Tuesday, administrators confirmed 290 job losses across three Clayton Glass sites in County Durham, Lancashire, and Scotland after the glass manufacturer entered administration last week.
- High energy and raw material costs, coupled with low demand, forced the company into insolvency; joint administrators James Lumb and Howard Smith of Interpath stated no viable solvent solution could be found.
- Interpath secured the sale of Clayton Glass sites in Nottingham, Swindon, Canterbury, and Dewsbury to Clayton Glass Group Limited, preserving 283 positions backed by the company's former management team.
- Employees arrived on Friday expecting answers but learned they would not be paid, a situation North Durham MP Luke Akehurst criticized as "badly mismanaged."
- Annfield Plain and Tanfield councillor Darren Grimes labeled the closures a "devastating blow," citing the company's 70 years of history, while Durham County Council indicated support through its Crisis and Resilience Fund.
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Business Link Magazine
Business Link MagazineGlass manufacturer sold out of administration
Following the appointment of administrators, glass manufacturer Clayton Glass has been sold to an entity led by the former management team. Founded in 1956, Clayton Glass specialises in the manufacture and supply of insulated glass units (IGU) to window, conservatory, door and glazing contractors. The business employed 573 staff. In recent months the business had […]
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Total News Sources14
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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