Caparo Industries plc and subsidiaries – collectively the “Caparo Industries Group" or “CIP”- in Administration

Published at 12:53 PM on 30 October 2015

On Monday 19 October, Administrators from PwC, were appointed to 16 companies within the Caparo Industries Group.

Following their appointment the Administrators have worked closely with customers, suppliers, employees and their representatives, including three trade unions who represent the Caparo Industries Group workforce.

Today, a trading and administration update is being provided to employees and their representatives across those businesses in the Caparo Industries Group over which PwC are appointed. 

No further comment will be made until that update has been provided to all of the employees. 

A further announcement will be provided later today.

ENDS

 


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