Firm criticised over redundancy payouts

UNION chiefs today hit out at a company's bosses after it emerged that 180 laid off workers would receive only the state minimum redundancy packages.

UNION chiefs today hit out at a company's bosses after it emerged that 180 laid off workers would receive only the state minimum redundancy packages.

The Transport and General Workers' Union accused private equity firm Alchemy Partners of ignoring the years of loyal service of their former staff at plastics firm Storeys Industrial Products at Brantham, which is now under administration.

Peter Stephens, T&G regional industrial organiser, said: “Alchemy has sold off the profitable parts of the business, leaving the taxpayer to pick up the bill for redundancy and possibly pensions.

“They have walked away from a loyal workforce that deserves more respect after years of service for this company.”

No one from Alchemy or liquidators Baker Tilly was available for comment today.

For full story see today's Evening Star.

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