Thousand jobs go in solar energy firm collapse

The withdrawal of the solar panel subsidy has been blamed for the business going bust
The withdrawal of the solar panel subsidy has been blamed for the business going bust
TIM BOYLE/GETTY IMAGES

Switches in government energy policy were blamed last night for the collapse of a solar energy company, with the loss of nearly 1,000 jobs.

About 930 employees at Mark Group, a Leicester-based solar energy and home insulation company that has been in business since 1974, were told that they had lost their jobs only hours before administrators at Deloitte were called in.

Chris Farrington, of Deloitte, said: “Unfortunately, the company has sustained heavy losses due to structural changes in its core markets, which it has been unable to survive, despite some significant recent investment. With regret, the administrators are having to make a significant number of redundancies, but are working with remaining employees to secure an urgent sale of the ongoing business.”

Mark Group had