Mid-Sussex buyout
10th August 1989, Page 15
10th August 1989
Page 15
Page 15, 10th August 1989
— Mid-Sussex buyout
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
• The management buyout of Mid-Sussex district council's direct services department by its former direct works officer has guaranteed employment for all but three of the department's 179 staff.
John Jeffery, who has formed a new firm, Prime Contractors, says that employees will have a 15% non-transferable share in the company and will be in a profit-sharing team.
Prime Contractors will take over all refuse collections, street cleaning, building and grounds maintenance, and maintenance of a transport section of 90 vehicles and 200 items of plant, says Jeffery.
He anticipates that the new j company will have a £3 million I turnover in the first year.