Employment agency Transline has said it is close to securing inward investment, and is issuing a Notice of Intention following widespread media reports that it is ‘facing administration’.
Transline supplied 1700 temporary workers to Sports Direct’s Shirebrook warehouse. It was later exposed by the media as paying workers at rates below the minimum wage.
A Transline spokesperson said: “The company has suffered as a result of a continued move to tighter margins in the recruitment industry. We are close to securing inward investment that will allow us to drive forward with continued growth and infrastructure development, and have lodged the Notice of Intention to protect the business, our employees and our customers as we complete this process.
“The welfare of our staff and our relationships with our customers are of paramount importance, and we are continuing our service and operations as normal. We expect to hear more regarding potential trading investments imminently.”
There are limits to a free market economy, namely the rates that one’s workers have to live on. Firms that squeeze their workers’ margins in order to offer a lower price may well face financial difficulty where they may be able to compete in different ways other than exploiting those who enable them to operate.
Subscribe to Newsletter