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By Lars Niven
The remaining workers at the troubled Cemtron electronics plant in Fife face an anxious wait to see if the business has been bought.
Cemtron, based in Dalgety Bay, went into administration earlier this month as a result of which 41 people lost their jobs.
The administrators, Tenon Recovery, marketed the business as a going concern and set a closing date of 2pm last Friday.
A spokesman for Tenon confirmed at the weekend a number of offers had been made for Cemtron.
He said the immediate plan was to focus on reviewing the fine detail with a view to announcing a preferred bidder as soon as possible.
Joint administrator Tom Maclennan said, “There is a substantial amount of due diligence required, but we will work as quickly as possible over the coming days and hope to be in a position to make an announcement next week.”
Nearly 30 enquiries about the business were received in the run-up to Friday.
The 41 jobs were shed more than a week after what Tenon called a “comprehensive review” of the business.
It said the redundancies were necessary in order to stabilise the company and reduce costs in line with production.
Some 112 people remain at the electronic manufacturing company, whose bosses were talking of expansion just last year .
Mounting trading losses and funding difficulties were blamed for the decision to call in the administrators.
The sackings have caused anger among those affected, many of whom contacted their MSP.
Helen Eadie said last week she believed they may be entitled to take legal action over the way they were made redundant.
Mrs Eadie held meetings on Wednesday with the Partnership for Action on Continuing Employment (PACE) and the Advisory Conciliation and Arbitration Services (ACAS).
Twenty-seven people who lost their jobs were also present.
The Dunfermline East MSP said, “On the basis of the legal advice we received, I am further persuaded that the dismissed workers should seek a protected award under the Trade Union Labour Relations Act.”
The services of a firm of solicitors have been secured.
She said she would be seeking a meeting with Tenon to discuss the situation, but Tenon’s spokesman told The Courier on Friday the job losses were necessary.
“To have the best chances of selling the business as a going concern we need to ensure Cemtron can continue trading and will be of interest to prospective buyers,” he said.
“We had to take a decision to retain those staff with the skills suited to a rapidly changing market and relevant to prospective buyers who may be considering how the business would perform in the future.”
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