Redundancies and relinquishing of skip hire business helps Thomspons through recession.
The demolition firm responsible for dismantling the ‘Get Carter‘ car park in Gateshead said it was in better shape to face the downturn after scrapping its skip hire business and making 64 of its workers redundant.
Northumberland-based Thompsons of Prudhoe Holding Limited saw its annual sales fall by more than £6 million to £22.9 million in the year ending March 31 2010 as it suffered from the problems facing the construction market.
The firm, which is based in Low Prudhoe, saw its workforce drop from 326 staff to 294 during the period and was forced to make a further 64 people redundant in July after closing its skip hire operations. The company saw its pre-tax profits dip only slightly from £782,439 to £620,914, with the firm hoping to sustain this figure or even increase it over the next few years after making the additional cuts.
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