Members of staff at Thomson Directories have been told that their jobs are at risk as a result of the company going into administration.
The firm, which is the UK subsidiary of Italian publisher of telephone directories and street maps Seat Pagine Gialle, is understood to have taken the decision to go into administration because of its financial issues in recent months and years.
According to a report by the Drum, a consultation process over redundancies is already underway after staff were told the firm is going into administration and jobs are being threatened due to this step being taken by the company.
But there are three potential buyers for the firm waiting in the wings, so it is possible some of the members of staff could see their jobs saved if a deal can be done for the company. However, the identities of the interested parties is yet to be revealed.
All over the country, 174 editions of the Thomson Local are produced and delivered to over 22 million homes and businesses, but the rise of the internet has meant the company's relevance in the market has been shrinking in the last few years.
A report published by the Daily Mail claims that 200 members of staff at Thomson Directories have been told by administrators from Grant Thornton that they are to be made redundant.
Sales staff were called to a meeting at the firm's head office to be informed of the decision, though it is not yet known what the future holds for the remaining employees at the company.
Emma Foulds, 23, from Bath, told the news provider that she had not been given any warning by the firm that her job was under threat.
"People started crying, there are a lot of pregnant people who are not going to get maternity leave, pensions may have gone. It is disgusting how they have dealt with it," she was quoted as saying by the newspaper.
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Posted by Julie Cutts