Fleet News

Jobs cut as Leaseway search continues

PricewaterhouseCoopers (PwC) is continuing to look at offers it has received for Leaseway Vehicle Rental.

However, existing interest in the company persuaded PwC to cut 41 jobs in the run up to Christmas as it endeavoured to find a buyer.

“Unfortunately it has become clear that the interest in the business to date does not include its refurbishment or fleet sales operations,” said Bruce Cartwright, head of business recovery services at PwC in Scotland.

It is therefore this area of the business where jobs have been cut, with 33 redundancies at its Glasgow site, four in Leeds, one in London and three in Newcastle.

Cartwright 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.”

But as PwC looks to secure a buyer it told Fleet News that it is still keen to hear from any parties interested in acquiring the business to get in touch.

Cartwright added: “We have been and continue to be grateful for the support of the Company’s suppliers, customers and, most importantly, employees.”

Cartwright, Laurie Manson and Ian Green of PwC were appointed as joint administrators of Leaseway Vehicle Rental on December 1, 2010.

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