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Another firm calls it a day

6th April 2000, Page 5
6th April 2000
Page 5
Page 5, 6th April 2000 — Another firm calls it a day
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Which of the following most accurately describes the problem?

• Worcester-oased PV Dew Transport is to cease trading at the end of next week after 32 years in general haulage. Director David Dew says: "I've had enough. There is too much investment and no return in this business—and we're being crippled by fuel tax."

Dew is concerned for the future of his 25 staff, who are being laid off, but adds: "I'll be relieved to lock up the yard for the last time. It's been such hard work keeping the business going lately.

"We've been staying on top of things but only by putting in 18-hour days," he adds.

The fleet of 20 tractors and 40 trailers will be auctioned on 15 April. The company now plans to build new units on its land which will be let to local businesses. The company will meet all its debts.

Tags

People: David Dew
Locations: Worcester

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