NOV 00] NOVA FABRICATIONS NEWS
Jobs To Go As Coventry Factory Merges
jobs are to go at a Coventry factory after bosses decided to merge the
operation with another plant in Chesterfield.
at Nova Fabrications in Torrington Avenue, were formally told
yesterday that they either faced a move or redundancy.
factory, which manufactures Off-Highway parts for vehicles like JCB
diggers, made sales of £10.9 million in the 12 months leading up to
31 March 2000. It has £3 million of assets, including the property in
Tile Hill, which will be sold off.
consultation period is now under way, with the merger expected to take
place in January.
owners Eliza Tinsley decided to bring the Tile Hill factory, which it
has owned for two years, together with Kitchin Engineering in
Chesterfield as part of a business re-organisation.
finance director Ian Cole said there would be fewer jobs available in
Chesterfield than were being lost in Coventry, and conceded that some
people would not want to move north.
work is being transferred to Chesterfield and we will be looking to
transfer some people up there.”
statement issued by the directors of Eliza Tinsley said that the
merger would cost £1.75 million, but hey expected to recoup this
money within two years.
would create a single operation where investment already made and
planned can be concentrated to provide additional capacity and
resources to meet customers’ on-going and future requirements.
re-organisation is expected to have considerable on-going benefits
to the group and its customers.”