Wednesday, 7 September 2011

Jobs blow for Darwen firm Bglobal

SMART metering company Bglobal has announced jobs will be lost after a slump in sales.

Yesterday bosses embarked on a consultancy period with what is understood to be a significant number of staff from departments across the company.
In total, 135 people are employed at the headquarters in Commercial Road, Darwen.

Chief executive Tim Jackson-Smith said: “We’re very sorry to have to do this, but unfortunately we are having a review of jobs at Bglobal.

“Volumes are falling off in terms of installations, and we need to keep the business viable and keep the cost base down.

“When we announced our results in July, we thought this might be the case.

“We will be consulting with the employees affected and hope to get it all sorted as soon as possible for everyone concerned.”

The company revealed for the year ending March 2011, revenue increased 119 per cent to £28.99million, but it had made a pre-tax loss of £722,000 mainly due to its £12.8m acquisition of Utiligroup.

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