March 5th 2009: The 12 staff at a packaging and design company are told by letter that their contracts had ended with the firm as of 1700 GMT on Wednesday. And that wages from 1 March, holiday and redundancy payments would not be made by the firm.

March 5th 2009: 7 of the workers occupy the building and say they will stay until wages and redundancy payments are secured and set about trying to arrange backing to set up a new company.

April 17th 2009: The workers are under threat of eviction. The landlords have been paid no rent or service charges and have their own commitments to banks and shareholders.

May 1st 2009:Persistence and determination pays off – a new co-operative is created, has new funding and takes over the previous company’s order book.

Take a look, if you like, at Discovery Packaging and Design

It’s early days but it seems they have bags of what it takes to make a go of this venture!

(With acknowledgement to BBC News)

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