Fairline - any news?

Can't find anywhere where it says about the other 40+ laid off ? £130 government paid for 8 weeks the first 107 laid off. Nothing from Fairline. That's £130 for 8 weeks in total not £130 a week!
 
Fairline employees turned up to the drop in event but no one from management even though there was an invite from the local mp who brought the situation up in the house of commons. I've been told by an employee.
 
Boatingboy said:
Fairline employees turned up to the drop in event but no one from management even though there was an invite from the local mp who brought the situation up in the house of commons. I've been told by an employee.
Click to expand...

I don't like to see anyone being made redundant, particularly on statutory terms or worse.

But why would you expect anyone from management company be there if the purpose is to find employees other work?
 
petem said:
I don't like to see anyone being made redundant, particularly on statutory terms or worse.

But why would you expect anyone from management company be there if the purpose is to find employees other work?
Click to expand...

Pete,
Boatingboy looks and sounds like a Fairline employee or is very close to someone who is.

IF he is closely connected to Fairline he is probably seeking information as to what is happening like the rest of us.
 
Deleted User said:
Seems like Fairline have vacated their head office

http://www.northantstelegraph.co.uk/news/top-stories/staff-at-fairline-boats-move-out-of-oundle-head-office-and-into-factory-1-7089894

Whether this was a planned cost cutting move or whether the landlord lost patience is anybody's guess.
Click to expand...

I've bought several struggling businesses over the years, some from the administrator, and one of the first things we do is try and remove facility cost. It's not just rent remember, you also cut rates, insurance, heating and lighting, repairs, cleaning, reception staff, office equipment rentals etc.

I also think that in survival mode you want the staff and management to live and breathe the problems, and that's more likely to happen if they're closer to the factory.

I have no idea who initiated the office closure, but it's certainly a sensible move in the current circumstances, along with laying off staff, starting a redundancy programme, reaching an agreement with creditors, and cutting back on unaffordable marketing events.
 
As Tom Pursglove mp has several times tried to contact Fairline to help all parties with the situation but has found them evasive (as stated on his fb Web page) so until it was brought up in the House of commons there was no communication.
 
Nick_H said:
I have no idea who initiated the office closure, but it's certainly a sensible move in the current circumstances, along with laying off staff, starting a redundancy programme, reaching an agreement with creditors, and cutting back on unaffordable marketing events.
Click to expand...
Yup I've bought a couple of failed businesses as well and you're absolutely right. The first thing you do is to try to get a handle on the costs and the second thing you do is to try to reduce those costs. And yes you're also right in that you have to make the staff understand what needs to be done and if they're not willing to take that on board, show them the door

However in the case of Fairline, I wished I believed that this was part of a genuine turnaround strategy to put the company on a more viable footing rather than an exercise in going through the motions before stripping out the remaining assets.
 
Boatingboy said:
As Tom Pursglove mp has several times tried to contact Fairline to help all parties with the situation but has found them evasive (as stated on his fb Web page) so until it was brought up in the House of commons there was no communication.
Click to expand...
Entirely predictable
 
Nick_H said:
I've bought several struggling businesses over the years, some from the administrator, and one of the first things we do is try and remove facility cost. It's not just rent remember, you also cut rates, insurance, heating and lighting, repairs, cleaning, reception staff, office equipment rentals etc.

I also think that in survival mode you want the staff and management to live and breathe the problems, and that's more likely to happen if they're closer to the factory.

I have no idea who initiated the office closure, but it's certainly a sensible move in the current circumstances, along with laying off staff, starting a redundancy programme, reaching an agreement with creditors, and cutting back on unaffordable marketing events.
Click to expand...

Yep, and I suspect Princess will be asking themselves if they can consolidate accommodation to save money.
 
You must log in or register to reply here.

Share this page

Top