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Article: Our tears and shock when 500 jobs axed; Ethel Austin boss speaks.(News)
- Article from:
- Liverpool Echo (Liverpool, England)
- Article date:
- April 28, 2008
CopyrightCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: By NEIL HODGSON Industry Reporter
THE former boss of Ethel Austin has spoken of the day the firm was put into administration and nearly 500 jobs axed.
Former Ethel Austin chief executive Simon Cooper today reveals no one suspected Elaine McPherson, the woman who bought the 74-year-old firm, would take such drastic action hours after completing the buyout.
He also revealed the disbelief and grief that gripped the workforce.
He said: "It will live with me and everyone else forever.
"It is a very distressing thing to see ...