Iconic British bed maker Airsprung collapses after 150 years. The Trowbridge-based mattress manufacturer has entered administration, cutting 71 jobs at its primary facility. The company, which has operated since the 1870s, succumbed to persistent cashflow pressures and challenging market conditions within the furniture and bedding sector. This collapse marks a significant loss for British manufacturing and represents another casualty in the struggling retail furniture industry. The administration process will determine the company's future, with potential asset sales and restructuring on the horizon. Employees face immediate uncertainty regarding severance and final wages as administrators work through creditor claims and operational wind-down procedures.
