More jobs at collapsed social housing firm Connaught are likely to be rescued today as part of a deal between administrators and a rival company.
Gloucester-based Mears, a social housing repairs provider, is expected to take on eight Connaught contracts in a move expected to save some 1,000 jobs at the firm, which appointed KPMG as administrators last week.
On Friday, construction group Morgan Sindall announced a deal to take on the majority of contracts at Connaught Partnerships, the social housing arm, saving 2,500 jobs, just hours before KPMG also revealed 700 redundancies.
It is still unclear whether the agreement with Mears will involve the re-employment of some of the 700 workers made redundant, sources added. An announcement from KPMG is expected later today.