TWENTY staff at specialist horsebox manufacturer Olympic Coachbuilders have lost their jobs after the firm called in administrators.
Sue Staunton, adminstrator at Oxford-based finance firm James Cowper, said the company had fallen victim to the recession with orders drying up during March and April.
She remained hopeful the business could be saved, saying: “The recession has hit the company hard, yet it remains an attractive business with a prestigious reputation.”
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