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Victoria carpets redundancy.
The acquisition is in line with victoria s strategy of growing its business with earnings enhancing.
Redundancy costs are expected to be in the region of 175 000 and the facility is expected to close within two weeks.
Affected staff will be offered the opportunity to find out about universal credit finding alternative work and support.
A spokesperson said there would be no redundancies as part of the acquisition process.
Carpet manufacturers victoria carpets ltd kidderminster 17 16 15 127 0 255 2 330 4 18 424 8 17 16 15 7 9 18 2 29 4 18 40 8 pre tax profit m 17 16 15 10 6 16 9 25 3 18 31 4 basic adjusted earnings per share pence 2018 was the fifth consecutive record year for victoria as the group continued to grow in financial strength and deliver.
Victoria carpets limited 120 years in the making since 1895 victoria carpets limited 120 years in the making since 1895 history environment contact.
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Redundant axminster carpets staff urged to meet representatives next week.
Victoria carpets makes 20 redundant.
The group designs manufactures and distributes a range of carpet ceramic and porcelain tiles underlay lvt luxury vinyl tile artificial grass and flooring accessories aimed at the.
Victoria has begun a consultation over the proposed redundancies with tufting and backing functions potentially moving to other sites.
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But textile clothing and footwear union of australia secretary michele o neil said staff had been told by.
Victoria carpets will close the facility at its worcester road complex.
More than 20 staff will lose their jobs by the end of the month.
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Established in 1895 and listed since 1963 on aim since 2013 victoria plc is an international manufacturer and distributor of innovative flooring products.