144 redundancies as NI firm Mivan ceases trading

By Gillian Crotty

Two weeks after making 98 employees redundant Northern Ireland construction firm Mivan has ceased trading as no purchaser was forthcoming.

When the company was placed into administration earlier in January it was hoped that some or all of the business could be sold, but despite what the administrator called "indicative offers" no purchase was completed. It was announced that the business would cease to trade and that the 144 employees would be made redundant. A small number of employees will be retained to service some existing contracts and to assist the administrator as it now seeks to sell the assets of the business.

Mivan won international recognition for it's work on some high profile buildings around the world, but substantial losses on projects in Romania has put it on the back foot for some time now, and restructuring in 2012 could not save it from going into administration at the start of this year.

If you are an employer or employee in Northern Ireland requiring legal advice in respect of a redundancy process, offer of voluntary redundancy, unfair dismissal claim, or any other employment law matter, contact one of the solicitors at Wilson Nesbitt by calling 0800 840 9296.