play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous play_arrow skip_next
00:00 00:00
chevron_left
volume_up
chevron_left
  • cover play_arrow

    Premier Christian Radio Your voice of hope!

North of England

Traidcraft in fresh bid to avoid closure of trading arm

todayNovember 12, 2018 11

Background
share close

The workforce of Traidcraft plc shall shrink from 67 to twelve under the blueprint. Twenty-two people have already accepted voluntary redundancy.

The proposals, which have been approved by the organisation’s board, are due to come in effect next year.

 

Chief executive officer, Robin Roth told Premier: “A couple of people come forward with plans.

“We’ve got some outside help, we’ve got a lot of support from people who really value Traidcraft and we think we’ve got a plan that can take us forward.

“We’ve been through the value and we’re now coming out in the uplands, it seems.”

 

The changes – designed to reverse losses – will weed out product ranges which are not generating profit.

In September, the organisation warned recent poor trading threatened to force the closure of Traidcraft plc in its entirety.

Founded in 1979, Traidcraft plc sells Fairtrade coffee, sugar and chocolate – as well things such as rugs and baskets from Bangladesh.

Fritzs

 

The future of the charitable branch of the organisation, Traidcraft Exchange, which supports farmers in developing countries, has not been affected.

Click here to listen to Premier’s John Pantry and Craig Wakling speaking with Traidcraft’s Robin Roth:

Stay up to date with the latest news stories from a Christian perspective. Sign up to our daily newsletter and receive more stories like this straight to your inbox every morning.

The struggling commercial arm of Traidcraft, a Christian retailer promoting Fairtrade goods, has unveiled a new plan to help stave off closure.

Written by: Miriam Emenike

Rate it

Previous post


Similar posts

North of England

Prayers Of Hope

Every Sunday Christian’s around the country are joining Premier Christian Radio and Churches Together in England for a special time of prayer at 7pm.

todayApril 25, 2022 212 1


0%