Building design group YRM has announced the closure of its interiors division. The move follows the axing of four jobs from the unit late last year (DW 25 November 1994).
No further jobs have gone, as the two remaining interiors staff have been transferred to YRM’s architecture division, through which YRM continues to do interiors work.
News of the closure comes as YRM declares interim results with a pre-tax trading loss of Ãº1.228m in the six months ended 13 October (compared with a pre-tax loss of Ãº1.187m in the same period last year).
No further job losses are anticipated, according to YRM director of marketing Jonathan Mansfield, who said in December: “Interiors is an important plank we have got to promote” (DW 15 December 1994).
YRM deputy chairman Tim Poulson hints at a possible re-emergence of a distinct interiors unit at YRM “either by selecting individuals or through some acquisition”.