Borders Glass Firm Faces Closure

A Borders glass company has gone into administration, placing a question mark over the future of 34 jobs. Administrator Deloitte is reviewing the financial situation at Selkirk Glass to see if the company can keep trading while a buyer is sought.

Its parent company Edinburgh Crystal and sister firm Caithness Glass have already gone into administration.

Local politicians, who held talks over the firm's future only days ago, have expressed shock at the move.

"This is extremely bad news, first and foremost for the staff who have worked very hard at Selkirk Glass to make it the well-respected company that it is," said Lib Dem MSP Jeremy Purvis.

He said he had been hopeful that the company could have survived this "period of uncertainty".

"I have been saying that there have been unacceptable question marks hanging over the Selkirk company.

"I have been informed that yesterday afternoon the directors of Edinburgh Crystal put Selkirk Glass into administration and the administrators had made the decision last night to close it.

"The reasons I have been given have been poor retail sales and the catering, that has been excellent there, has not been making money."

Read the entire news on the source link below.

600450 Borders Glass Firm Faces Closure
Date: 14 August 2006
Source: BBC News

See more news about:

Others also read

During the AAMA 2016 National Fall Conference, Michael Collins, partner and managing director of Building Industry Advisors, LLC, provided an economic overview and outlook of the window and door industry.
Carl F Groupco has strengthened its national representation with the appointment of three new Regional Sales Managers.
Three companies of which two are from the automotive industry are eying Slovakia to place here investments totalling €59 million and create up to 1,400 work places.
Wenzel and Vainer together bring over 20 years of experience to territory – YKK AP America continues to increase its presence in the Midwest region with the appointment of Kurt Wenzel and Paul Vainer.  Wenzel joins YKK AP as an architectural sales representative out of the Chicago branch.
The top boss of a Spanish company which has bought over the former Quinn Glass has pledged to invest over £200m in the Derrylin and Cheshire plants – sending out a strong signal that it’s here to stay.
THE world's leading glass packaging supplier, Owens-Illinois, could again be forced to shrink its Australia operations, leading to potential job losses, as the US manufacturing giant cites a sluggish local beer and wine market and protracted major customer and union contracts for the uncertainty hanging over its business.Read more here.

Add new comment