The Domino Effect. What Can Happen When A Company Goes Into Administration?

I am guessing that anyone within the rail or engineering industry will have heard the recent news about Jarvis plc going into administration. As a key supplier this has had an effect on us and our competitors, but I am keen to discuss the effect it has had on the supply chain and the employees within the company.

This will affect anyone who supplied staff or services to the employer.  It is sometimes those further down the chain that are over-looked. I know from speaking to Jarvis Plc employees over the last few days how such news can turn everything upside down and now many of these employees are now searching for jobs, as their jobs are uncertain, or they have already been told to go.  There will also be many smaller sized companies who supplied services to Jarvis who will in turn be effected as a business, some I dare say will be out of business completely as a result.  In terms of the large Evergreen project the work must go on, so am I confident other companies will pick up their workload and potentially staff members may find themselves working on the same project through a new employer.  There are always winners and losers.

Has this recent news affected you at all?  Have you been in this situation with another company within this recession?

It is important to focus on how you can turn these situations into a positive outcome and our key aim is to help every professional affected by giving advice, support and most importantly getting them a new contract job or infrastructure job.  I personally really feel for anyone who has had this sudden news put on them, however the job market is improving each month and I feel confident in being able to help any freelance professionals or permanent job seekers in securing another job.

If you have any comments on Jarvis Plc, or any other company that has gone into administration, or made big employee redundancies then I would be very keen to hear them…