Administrator cuts jobs in bid to rescue Carter Bros

By Patrick Raleigh ERJ On-line news editor

Manchester, UK-Rubber machinery maker Carter Brothers (Rochdale) Ltd of Rochdale, UK went into administration on 8 Dec, and has since laid off 43 of its 70 employees, according to administrators BDO Stoy Hayward.

The equipment firm, which reported 2003 sales of around $8 million, has been “a casualty of manufacturing going abroad, and foreign competition,” said a spokeswoman for BDO Stoy Hayward’s Manchester office. The company is currently in negotiations with several parties, who are interested in acquiring…

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