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45,000 Interserve jobs at risk

MORE than 45,000 jobs are at risk after outsourcing giant Interserve signalled on Friday that it will file for administration.

The managing board of the British-based company failed to attract the support of shareholders at an emergency meeting on Friday for a proposed rescue plan that would have handed control of the firm to lenders.

By the time the Star went to press a statement from the board said that due to an “absence of any viable alternative” it is “likely” that they will be taking the company into administration.

 
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