Fleet News

Job losses confirmed at Leaseway Vehicle Rental

PricewaterhouseCoopers (PwC) has announced that 41 employees have been made redundant at Leaseway, two weeks after the rental company went into administration.

The job losses are in the company’s refurbishment and fleet sales operations, with 33 redundancies at its Glasgow site, four in Leeds, one in London and three in Newcastle.

The company continues to trade with the administrators not only seeking a buyer for the business as a going concern, but progressing offers received for the business.

Bruce Cartwright, Laurie Manson and Ian Green of PwC were appointed as joint administrators of Leaseway Vehicle Rental on December 1.

Cartwright, head of business recovery services at PwC in Scotland, said: “It is always disappointing when you have to make redundancies, particularly at this time of year, and it is never a decision that is taken lightly.

“Unfortunately it has become clear that the interest in the business to date does not include its refurbishment or fleet sales operations.

“We will work closely with the employees affected to ensure they receive the support they need during this difficult time and to assist with their claims for redundancy and other compensatory payments.

“We have been and continue to be grateful for the support of the company’s suppliers, customers and, most importantly, employees.

“We would still encourage any parties interested in acquiring the business to get in touch with us.”

All other staff remaining at the company have been briefed, with the administrators working closely with them over the coming weeks as a buyer or buyers are sought.
 

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