Double jobs gloom for Corby

Administrators have been called in at New Store Europe, which took over the Kenmark site in 2012
Administrators have been called in at New Store Europe, which took over the Kenmark site in 2012

Jobs are under threat at two Corby firms.

Synergy Flavours is moving its site to High Wycombe and shop fitting firm New Store Europe has gone into administration.

Synergy, a flavouring and essences manufacturer, in Sallow Road, employs 40 workers.

It announced this week it is to integrate its UK operations by moving its manufacturing site to the company’s High Wycombe headquarters.

The firm is holding consultations with its 40 employees in Corby regarding the transfer, which is expected to be complete by autumn 2015.

Managing director Steve Morgan said: “We are committed to ensuring the impact on our employees in Corby of the proposed move is minimised as much as possible and are providing them with alternative opportunities, assistance and support.”

New Store Europe opened its new high-tech Corby depot at the end of 2012 in the building that used to house the ill-fated Kenmark in Long Croft Road. Administrators KPMG have been called in to the company, which employs 68 at Corby and 240 at other sites around the country.

Will Wright, partner at KPMG and joint administrator, said: “All staff are currently being retained to enable us to support customers in the short-term, while we seek a buyer for the business and its assets. We would encourage any interested parties to contact the joint administrators as soon as possible.

“The group had recently experienced significant trading difficulties across Europe, culminating in the parent company, New Store Europe AS, entering into insolvency proceedings in Norway on Friday.

“Against this backdrop, the UK business had also come under severe funding pressures.”