Furniture supplier Triumph has gone into administration and has ceased trading.
The family-run business was created in 1946 and employs a total of 252 people across two sites in Merthyr Tydfil. The company announced that 239 jobs have been lost immediately but that 13 people are being kept on to help with the administration process. The company blamed an “unprecedented fall in sales” in the past 10 weeks for the closure.
Triumph Furniture Limited, one of the UK’s leading office furniture manufactures, entered into administration on October 8 after being unable to reduce its operating costs.
Chief executive Andrew Jackson said: “The family is devastated by this appalling outcome and are extremely concerned for the welfare of all Triumph employees and their families at this terrible time. The business has suffered a rapid and catastrophic collapse in orders since the middle of July, which has been impossible to recover from, despite every effort.”
Administrator Huw Powell, of Begbies Traynor, said attempts to find additional funding proved unsuccessful.
On a more positive note, food firm Peter’s Pies is offering job interviews to all 239 staff being made redundant by Triumph Furniture.
The food firm, based in neighbouring Bedwas, is advertising a variety of roles in engineering, production, packing, hygiene and dispatch over the coming month. A spokesman said: “Following the devastating news that Triumph has gone into administration in Merthyr Tydfil, here at Peter’s Food Service we are offering immediate interviews for all Triumph employees.
“We understand the shock this will have caused former employees of Triumph”