350 jobs at risk as car parts group enters administration
Car parts group Covpress Assembly has collapsed into administration, putting 350 jobs at risk.
Administrators from Deloitte hope "the administration process might now draw out interest in a sale of the business".
It creates uncertainty for staff at the Coventry-based company, although no redundancies were announced on Friday.
Its owners, the Yongtai Group, bought UYT in June 2015 and renamed it Covpress Assembly, linking it in name to metal pressings company Covpress, which it already owned.
However Covpress went into in S... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
