MBO secures business - but puts 30 jobs at risk

This story must win the prize for bittersweet tale of the year so far, with the management of an historic Gloucestershire business securing its future, only to put the jobs of tens of staff at risk.

Dear readers,

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Best regards,

Andrew Merrell (editor).

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MBO secures business - but puts 30 jobs at risk

This story must win the prize for bittersweet tale of the year so far, with the management of an historic Gloucestershire business securing its future, only to put the jobs of tens of staff at risk.

By Andrew Merrell.

New owners are in place at a Gloucestershire manufacturing business with a £5 million turnover after management stepped up to buy the firm from American owners and secure its future.

But the move is bittersweet for everyone at the Stonehouse-headquartered firm, which has also announced the move has also put 30 jobs at risk - almost half its workforce.