Rival's workers lose their jobs

News by

28 June 2001

The 73 employees that remain at The Rival Envelope Company are to be made redundant after administrative receiver PKF could not find a buyer

The 73 employees that remain at The Rival Envelope Company are to be made redundant after administrative receiver PKF could not find a buyer.

It is now looking to sell the plant machinery. PKF was appointed after the firms major paper supplier withdrew credit terms.

Before that, Rival had agreed a CVA that would have seen it repay a third of its 6m debt over five years.

Printweek welcomes informed debate, but please read our House Rules before posting

Have your say in the Printweek Poll

Latest comments

"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration. We are all still left unable to claim the redundancy and notice pay owed..."