More than 500 people have lost their jobs at debt-laden property services company Erinaceous.

KPMG were forced to call in administrators last week and announced the sales of three of the firm's key subsidiaries. A total of 546 job cuts were made.

The move helped to protect the jobs of about 1,800 employees, while KPMG said hundreds of jobs were being saved as it handled another 15 deals across the group.

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KPMG joint administrator Jim Tucker said: "Although there have been 546 redundancies across parts of the group, we have worked extremely hard to complete deals that would protect as many employees from this as possible.

"As a result, more than 2,500 jobs have been saved through sales of various businesses and divisions or keeping key parts of the group outside of the administration process. This has enabled us to maximise the value of the assets under our control and avoid any significant disruption to customers and clients."

See: Erinaceous Forced To File For Administration

(CD/JM)