The Simclar Group was a collection of companies owned by Sam Russell. It went into administration in June 2011.
In January 2007 the group closed its
Kilwinning
Kilwinning (, sco, Kilwinnin; gd, Cill D’Fhinnein) is a town in North Ayrshire, Scotland. It is on the River Garnock, north of Irvine, about southwest of Glasgow. It is known as "The Crossroads of Ayrshire". Kilwinning was also a Civil Pa ...
and
Irvine plants amid allegations of
asset stripping
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. In many cases where the term is used, a financial investor, referred to as a ' corporate raider', takes con ...
and abuse of
workers rights
Labor rights or workers' rights are both legal rights and human rights relating to labor relations between workers and employers. These rights are codified in national and international labor and employment law. In general, these rights influe ...
.
Workers occupied the group's premises at Kilwinning and picketed the Irvine plant in an attempt to stop the asset stripping, but were unsuccessful. In August 2007, the workers were awarded approximately £800,000 in compensation for breaches of employment law by the Simclar Group.
In November 2012, the Simclar assets were acquired by Balmoral Funds, which renamed the company Concurrent Manufacturing Solutions.
References
External links
The Simclar Group
Manufacturing companies of the United Kingdom
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