Flooring distributor Headlam enters administration and makes additional redundancies, cutting a further 64 jobs and closing 25 trade counters. The company says weaker demand, along with higher material and energy costs, has put it under financial pressure.
Multiple reports note that Headlam had already announced earlier job losses, bringing the total cuts referenced in coverage to 154 prior to the new round. In addition, one outlet reports that Headlam’s shares will be delisted from the London Stock Exchange. Coverage across outlets centers on the scale of the closures and layoffs, as well as the firm’s loss of stock market listing following the administration process.
