14 Feb 2009

Jobs go as car dealership put on market

5:57 am on 14 February 2009

Twenty employees at a long standing Wellington car company have lost their jobs, after the business was put into liquidation.

Price Waterhouse Coopers has completed its financial analysis of Williams & Adams, which was put into liquidation earlier this month because of the economic downturn.

One of the liquidators, John Fisk, says 20 of the 115 staff have been made redundant, and the business has consolidated its operations.

He says the business should be more attractive to potential buyers when the dealership is put on the market. Advertising will begin next week for a buyer.