06/10/2008  Rescued car parts group closes
A Sheffield-based car parts group, which appeared to have been rescued in a takeover deal last week, has been unexpectedly closed by its new owners. Euro Car Parts (ECP) bought LSUK, which has 680 staff nationwide, from holding company Pinco 1555 Ltd last Wednesday. In a letter to staff, chairman Sukhpal Singh said he had no plans to cut jobs. However, shocked staff turning up for work on Monday found themselves locked out and a notice on the door telling them the company had ceased trading. LSUK has about 110 staff at its head office in Sheffield and two branches in Sheffield and Doncaster.
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