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Darwen firm Crown Paints in voluntary redundancy negotiations
10:10am Wednesday 18th September 2013 in Darwen
DARWEN-based Crown Paints has defied the recession, announcing substantial increases in turnover and profits in its latest annual report.
But the report also revealed that the company had set aside £1.5m for redundancy payments after investing £1m into new technology.
Union bosses said that, while the redundancies were regrettable, they had to be accepted as part of the firm’s modernisation strategy.
According to the annual report, Crown Paints, which has about 1,100 staff, increased its turnover by £15.2m to £192.6m in the year to 31 December 2012.
GMB trade union convenor at Crown Paints, Bob Whelam said: “Redundancy negotiations have been going on for 12 months. At the moment, the unions are in consultation with the company.
“The situation is that although redundancies are always bad, in this case it’s centred around investment, and the trade union has been asking the company for a long time to invest in new plants, as competitors will also be installing new plants, and this is the consequence.
“It’s simply that because of the investment the company won’t need as many staff.
“The GMB has agreed six redundancies from Darwen, but we have volunteers for that. I think there will also be two or three voluntary redundancies from management.”
The report said: “2012 saw a return to TV advertising as the company continues to build on the strength of the Crown Paints brand.
“The company has seen a positive start to the year and is trading in line with its expectations for 2013."
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