Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16
 Tax rules for NRIs on sale of assets located in India
 ITR filing: Know tax rules that apply to freelancers in India
 Delhi Real Estate News: NDMC extends last date for property tax payment with amnesty scheme
 Citizens must file THESE ITR related forms before due date Income Tax Returns

PwC, the administrators have axed more than 700 jobs
November, 11th 2010

PricewaterhouseCoopers (PwC), the administrators to failed building group Rok, have axed more than 700 jobs.

PwC said the redundancies were due to "little or no interest" in parts of the business from prospective buyers or "insufficient work for staff to carry out". Of the 711 cuts, 558 are in the maintenance and improvements division.

PwC was called into Rok on Monday after the company, which works on construction projects and repairs buildings for insurers and councils, shocked the City by collapsing.

Mike Jervis, joint administrator, said more than 100 expressions of interest have been received from potential buyers of Rok or its contracts.

PwC is reducing this to a shortlist. Mr Jervis added: "We are short-listing bidders on the basis of their size, level of interest in acquiring large parts of the business and their speed of reaction. We expect to have further updates by the end of the week."

Rok, which employed 3,800 people, is understood to have suffered a "tightening of credit" from suppliers and customers after issuing a profits warning in August. A last-minute attempt to secure emergency financing failed at the weekend, it is understood.

Mr Jervis said PwC had offered axed Rok staff the "opportunity to attend a site in person or take part in a conference call".

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting