Green Energy Firms Fail With 1,000 Jobs Lost

15-Oct-2015

Green campaigners have accused the Chancellor of driving a "wrecking ball" through the drive for clean energy following the collapse of two companies.

It was confirmed that more than 930 jobs had been lost at Mark Group, which specialises in solar energy and insulation, when it called in administrators late on Wednesday.

Deloitte said all installations and surveys had been cancelled and customers would be contacted.

Mark Group, which is based in Leicester, said in a statement that subsidy reductions announced by George Osborne after the election meant its recovery plan was "unviable".

Climate Energy, an efficiency specialist, was the other company to confirm its demise, with FTI Consulting appointed as administrator. (From Sky News)