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Jarvis set to shed 1000 jobs with no rescuing site

Jarvis, the UK's leading rail maintenance company, has today been forced to shed 1000 jobs as the administrators to the company concede there is little chance of securing a rescue for the fallen group. This is a bitter blow to the business which depends predominantly on public sector service investment with a particular emphasis on the rail network and the maintenance of the line.

The company was forced into administration last week after funding ran-out, banks refused to commit to the longer term and trading continued to be difficult. As a consequence, Deloitte, the administrators appointed last Thursday, have today informed 1,000 of the company's staff (many located at the rail maintenance operation) that they will not be employed by the company from tomorrow.

It had been hoped that meetings with Network Rail would at least have given some guarantee of work in the short to medium term although this was not forthcoming amid concerns that a number of maintenance programs and investment programmes on the UK rail network have been delayed. This comes despite the fact that the UK government has refused point blank to reduce investment in public sector services, at least in public, while behind the scenes it looks as though the squeeze has begun.

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