Jobs protected by management buy out of Naylor Jennings

by Personnel Today 21 Feb 2001

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A management buy-out of Yorkshire textile firm Naylor Jennings from its parent company Coats Viyella has safeguarded more than 100 jobs in the company.

The T&G union collaborated with senior management in Naylor Jennings to rescue the firm from closure.

“Instead of being informed of sackings and consulted on how to sack people in double quick time, rescue plans such as Naylor Jennings show us the benefit of allowing time for proper consultation based on real information so companies can find alternatives to closures,” said Peter Booth, T & G national organiser for manufacturing.

www.tgwu.org.uk

By Karen Higginbottom

Personnel Today

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