Iconic British manufacturer collapses into administration with nearly 100 jobs lost

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Iconic British manufacturer collapses into administration with nearly 100 jobs lost.

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Nearly 100 workers have been made redundant after efforts to find a buyer for wheel manufacturer Moveero failed, bringing operations at its Telford factory to an end.Joint administrators confirmed that 98 employees have lost their jobs following the closure of the company's Hadley Castle site.Moveero, which manufactured wheels, rims and hubs for agricultural and construction vehicles, employed around 250 people at its Telford facility when it entered administration earlier this year.Administrators from Interpath spent several months exploring options to sell or rescue the business but concluded that a sale as a going concern was not possible.

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TRENDING Stories Videos Your Say The closure marks the end of more than 100 years of manufacturing at the Hadley Castle site.Moveero entered administration in March alongside two related companies, Sankey Holding and Autostructures UK.The business had been affected by a downturn in the off-highway vehicle market, increased pricing pressure and...

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