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Victoria carpets redundancy.
Victoria carpets limited 120 years in the making since 1895 victoria carpets limited 120 years in the making since 1895 history environment contact.
A spokesperson said there would be no redundancies as part of the acquisition process.
The group designs manufactures and distributes a range of carpet ceramic and porcelain tiles underlay lvt luxury vinyl tile artificial grass and flooring accessories aimed at the.
Redundancy costs are expected to be in the region of 175 000 and the facility is expected to close within two weeks.
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Victoria has begun a consultation over the proposed redundancies with tufting and backing functions potentially moving to other sites.
More than 20 staff will lose their jobs by the end of the month.
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The acquisition is in line with victoria s strategy of growing its business with earnings enhancing.
Carpet manufacturers victoria carpets ltd kidderminster 17 16 15 127 0 255 2 330 4 18 424 8 17 16 15 7 9 18 2 29 4 18 40 8 pre tax profit m 17 16 15 10 6 16 9 25 3 18 31 4 basic adjusted earnings per share pence 2018 was the fifth consecutive record year for victoria as the group continued to grow in financial strength and deliver.
But textile clothing and footwear union of australia secretary michele o neil said staff had been told by.
Established in 1895 and listed since 1963 on aim since 2013 victoria plc is an international manufacturer and distributor of innovative flooring products.
Affected staff will be offered the opportunity to find out about universal credit finding alternative work and support.
The victoria carpets factory in castlemaine victoria will close by the end of the month and twenty one employees will lose their jobs.
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The bendigo advertiser reports that workers were told of the plan at a meeting on friday.
Victoria carpets will close the facility at its worcester road complex.