All 36 jobs at the Sheffield plants of spring maker TSL Turton have been saved after the company went into administration on Monday and was acquired by its major supplier.
TSL Turton’s plant in the Midlands has been closed, but all the jobs at its plants on Effingham Road, Attercliffe – once the home of Tempered Spring – and in Burton Road, Neepsend, have been saved.
New owners are Bond Precision Grinding of Effingham Road.
“We have dealt with the company for 20 years and tried to buy it twice before. This time we have managed it,” said Bond’s chief, Steven Bond.
“TSL Turton has been under duress for the last two or three months, mainly because they did not have any money to buy supplies. It has been a good company over the years and I want to make it a good company again.”
Meanwhile, 89 jobs have been lost after Mexborough-based warehouse storage company Redirack went into administration on Wednesday.
It is understood that employees had been working reduced hours for about a month and the company, on Wharf Road, was unable to secure investment to keep it afloat.
RediGroup chairman Phil Culling said: “This is a very sad day for our customers, suppliers and from a personal view point the 89 people that were made redundant with immediate effect.
“We apologise to those we have let down and thank those who have supported us over the years. The work to rebuild this great brand and emerge again has started so hopefully we will be back.”
Anybody with questions is advised to contact administrators PwC.
n Some 150 full and part time jobs will be created when home, garden and leisure retailer The Range opens up at the former Homebase store on Meadowhall Retail Park in March. The roles will be advertised with the Job Centre.