Up to 3,500 jobs expected to be saved at Group Five
Rescue practitioners say a ‘solid plan’ will be presented to creditors for approval on September 11
31 August 2019 - 11:20
Between 3,000 and 3,500 jobs at struggling construction firm Group Five are expected to be saved through the sale of its assets to other entities as a “going concern”, the company’s business rescue practitioners have announced.
In their plan, published before the end of August, practitioners Peter van den Steen and Dave Lake, who took over the construction company and its associate Group Five Ltd in March, said they had been able to produce a ‘solid plan’ which will be presented to creditors for approval on September 11...
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