Possibly going into administration

JDC14

Our top manager has today been at head office (which is being sold off to move to a smaller, cheaper premisies) to find out what's going on with the company, i.e. redundancies.

I'm assuming it's not good news as all the general staff are being called in for individual meetings tomorrow - so the assumption is that we've gone into administration/gone bust.

We've had substantial investments from a bank and a huge worldwide company in the past 18 months already, and we knew money was tight when targets started going up in the new tax year.

So basically what should we expect? Part-time workers on 0 hours contract (obviously not expecting a pay out of any sort) but what's going to be happening at work etc?