Celloglas has confirmed this morning that there have been redundancies across the Reading headquartered-business' 13 sites but declined to comment on the numbers.
The company went into administration on Monday (5 January) with Menzies Corporate Restructuring (MCR).
Geoff Bouchier, one of the administrators, told PrintWeek that MCR is in discussion with "several parties" with regards to a sale. However, he could not elaborate on whether the sale incorporates the whole business or part of it.
PrintWeek understands that Celloglas' previous owners are on the verge of buying five sites under a new company, Newcelloco – which was incorporated on 29 December last year.
The five sites in question are at Hunslet (Leeds), Seacroft (Leeds), Birmingham, Leicester and Reading.
A spokeswoman for Celloglas said: "We can confirm that there have been redundancies within the company however we can not confirm numbers at this stage."
She added that the redundancies were mainly focused on the sites that would not be part of a new company.
Since initially speaking to PrintWeek on Monday, MCR has not been available for comment.
The company continues to trade as normal and it is understood that MCR is still hoping to sell the remaining sites that will not be picked up by Newcelloco.
Celloglas staff left in limbo as redundancies announced
Employees at finishing company Celloglas are still in limbo as redundancies are made across the group and an anticipated sale of part of the business is yet to be finalised.
