Menu
18/12/2001
Excite UK to cease operations by end of week
Excite UK has announced that it will close its operations after failing to find a buyer.
The UK wing of the bankrupt US portal Excite@Home, which is a joint venture between the Excite At Home Corp and British Telecom, had tried to find a strategic partner for several months.
It has now been forced to shut down and says it will cease normal trading at the end of this week. The decision will result in the loss of 48 jobs.
In a statement, the company said: “Having completed a 30-day consultation period with employees, Excite UK regrets that it is to make all 48 staff redundant as a result of the closure of the portal, www.excite.co.uk.”
Rebecca Miskin, managing director of Excite UK, says: “The decision to cease trading is both unavoidable and deeply regrettable. Our priority now is to our users and our employees and to ensure that the closure is managed in an orderly fashion.
“I am saddened by this decision and would like to express my gratitude to the hardworking, committed team here at Excite UK.”
Any money remaining after the company has been closed down will be shared between BTopenworld and Excite@Home.
Excite@Home filed for Chapter 11 bankruptcy protection in the US at the end of September. On December 14, the company said that it would cut US staff by 400, or 30 per cent, and expected to cease operations by February 2002. BTopenworld owns 42 per cent of Excite UK. (AMcE)
The UK wing of the bankrupt US portal Excite@Home, which is a joint venture between the Excite At Home Corp and British Telecom, had tried to find a strategic partner for several months.
It has now been forced to shut down and says it will cease normal trading at the end of this week. The decision will result in the loss of 48 jobs.
In a statement, the company said: “Having completed a 30-day consultation period with employees, Excite UK regrets that it is to make all 48 staff redundant as a result of the closure of the portal, www.excite.co.uk.”
Rebecca Miskin, managing director of Excite UK, says: “The decision to cease trading is both unavoidable and deeply regrettable. Our priority now is to our users and our employees and to ensure that the closure is managed in an orderly fashion.
“I am saddened by this decision and would like to express my gratitude to the hardworking, committed team here at Excite UK.”
Any money remaining after the company has been closed down will be shared between BTopenworld and Excite@Home.
Excite@Home filed for Chapter 11 bankruptcy protection in the US at the end of September. On December 14, the company said that it would cut US staff by 400, or 30 per cent, and expected to cease operations by February 2002. BTopenworld owns 42 per cent of Excite UK. (AMcE)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
18 December 2001
UK Internet in 2002 will be dominated by broadband development
A leading Internet research and analysis company has predicted that in 2002 the UK Internet market will be dominated by developments in broadband Internet access, Digital TV and the music industry.
UK Internet in 2002 will be dominated by broadband development
A leading Internet research and analysis company has predicted that in 2002 the UK Internet market will be dominated by developments in broadband Internet access, Digital TV and the music industry.
17 December 2018
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
25 October 2018
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
11 November 2010
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
09 July 2009
Arntz Belting Heads For Trouble
The future for a struggling Pennyburn fan belt factory, which currently employs around 110 people, is looking bleak. The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March. However, the global recession has led to the firm's parent company looking at further cuts.
Arntz Belting Heads For Trouble
The future for a struggling Pennyburn fan belt factory, which currently employs around 110 people, is looking bleak. The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March. However, the global recession has led to the firm's parent company looking at further cuts.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
