- 251 jobs lost with immediate effect, 350 at risk as a buyer is sought
- 133 jobs will be saved after rival Ashtead snapped up three divisions
- Hewden warned in October it had been badly hit by Brexit
Some 250 jobs were lost at Hewden and hundreds more are at risk after the heavy machinery rental firm collapsed into administration today.
The announcement comes just weeks after the Manchester-based firm had warned it had been badly hit by Brexit and had been struggling to find new financial backers.
Britain’s largest union Unite said this was the result of ‘a succession of venture capitalists hawking Hewden around the market over a number of years to make a quick buck’.
Collapsed: Hewden has entered administration and is…