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A merger involving a Bradford based direct mailing Bottega Veneta Long Wallet company is the only way to safeguard the firm's future, according to the chief executive responsible for brokering the deal.
"This merger is a positive for Yorkshire and for Bradford. It is about employing people in this area and moving the business forward. If I wanted to cut overheads, I wouldn't be merging Prospect as it is a labour intensive business. It's not every day your owners go and spend 8 million to secure the future of a business, and it should have been really positive news."
Following the deal being made public, disgruntled workers contacted the T complaining they had not been paid and that wages were regularly delayed. One claimed that they were often unable to pay household bills. But Mr Dunstall said: "If people haven't been paid, they must have been missed off the list of the manual accounts we were processing. If they contact us and we check and see that they haven't been paid, they'll Balenciaga Wallet 2017
part of the merger, to create a new company with an annual turnover of up to 47 million.
Mr Dunstall also stated that there were plans to potentially recruit a further 300 staff as Guess Leather Wallet With Coin Compartment
with Laisterdyke's St Ives Direct, which Cogent recently bought in an 8 million deal. Staff from Prospect have raised concerns since the deal was announced, claiming that wages were being delayed or withheld, something the company blamed on enforced changes to its accounting system. Speaking to the T Mr Dunstall confirmed that the merger was ongoing, and that without Cogent's intervention, Prospect would have been placed into administration over a year ago. "It is a distressed business that we are trying to get through a very difficult time," he said. "A lot of people would have said, this is just too tough, let's let this business go. We're trying to make sure people still have jobs and Wyke has a recruiter in the area."
Merger 'is only way to safeguard future' of Prospect Mailing Services in Wyke From Bradford Telegraph and Argus
Kevin Dunstall, of investment group Cogent B2B, is working on the move to combine Prospect Mailing Services in Wyke Guess Bags 2017 Price
get processed straight away. Do you think people would come to work if they hadn't been paid for three months? If we're not paying them, how are we getting them to come in?"
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