Having announced on Monday that it was closing its Northern Ireland branches within a few weeks and that all clients would be contacted, Reeds Rains are now reported as saying that this statement was issued without approval and was incorrect. This does seem rather strange. Clearly a statement was prepared.
Apparently they are now exploring the opportunity of changing their operational model in Northern Ireland to one of franchising.
One cannot help wondering if the local managers, having been told of the intention to close the Northern Ireland operation approached their Yorkshire HQ with the franchise proposal as a means of attempting to secure their own future and that of the other staff. A considerable number of Reeds Rains branches are already operated on a franchise basis.