HUNDREDS of jobs are thought to be at risk at a major Hampshire employer.
The Daily Echo understands that hundreds of jobs could in danger at Palmer and Harvey (P&H), which has two distribution centres in Segensworth near Fareham.
The Daily Echo has learnt that advisers to P&H, which employs approximately 4,000 people across the UK, are braced for the company to collapse after weeks of takeover talks with the private equity firm Carlyle failed to result in a deal.
P&H entered into talks with Carlyle last month, and were looking to announce a definitive deal with the investment firm as soon as this week.
Councillor Sean Woodward, leader of Fareham Borough Council said: "It would be a huge concern for the families of Fareham residents who work at Palmer and Harvey.
"I hope that the company can continue to trade until a buyer can be found."
P&H supplies tobacco products to all Tesco outlets across the UK.
More to follow.
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