It is being reported today that a furniture maker in Lancashire has fallen into administration and stopped trading with the loss of almost 100 jobs.
GGI Office Furniture (UK) has reportedly entered administration. The company’s head office and showroom is located on Global Way between Blackburn and Darwen.
CLB Coopers are reported as stating that following a review of the business and much effort by management, the volumes required to make the business viable had not been achieved and the company was put up for sale some weeks ago. It is further reported that despite more than 20 parties expressing an interest, no firm offer was made causing the firm to cease to trade and the 99-strong workforce to be made redundant.
This announcement will understandably have an unsettling effect on employees of GGI Office Furniture (UK) as they are now left with an uncertain future at the company.
If you are faced with the threat of redundancy it is crucial that you understand your legal rights and the options available to you.
Firstly, you should be aware of your monetary entitlements, including notice pay and statutory redundancy pay. If you are unsure what these are or the precise amounts involved it is imperative that you have independent employment law and HR advice.
Secondly you should be aware of the processes and procedures that have to be followed by an employer. The reason for this is that flaws in such processes could enable you to have bargaining power for pre or post termination negotiations with the aim of achieving an enhanced redundancy package or alternatively to enable you to bring employment claims entitling you to compensation.
Depending what happens with the Company, say if its sold or part of the business is sold, it may even be the case that the Transfer of Undertakings (Protection of Employment) Regulations 2006 commonly known as TUPE will apply and your employment could transfer to a new employer.
The law governing redundancy and/or TUPE is extremely complex and constantly changing. It is therefore imperative to have independent employment law support and advice from the outset of a redundancy threat so you have the upper hand and have placed yourself in the best position possible to protect yourself, your family and your future.
Farleys Solicitors LLP are specialists in employment law for employees at all levels and including those individuals in senior, managerial, and director positions.
Our employment law solicitors have a wealth of experience in advising employees about TUPE, compulsory and voluntary redundancies, settlement agreements (formally known as compromise agreements), exit strategies, and tactics.
To speak to an employment law solicitor in Blackburn, Preston, Burnley, Accrington or Manchester, please call 0845 287 0939 or send your enquiry online.