Major electronics blow
365 jobs at risk as chip firm quits Scotland
The company is moving production to “more cost-effective” sites in Germany, Japan and the US over the next three years.
The plant was formerly owned by National Semiconductor before it merged with TI in September 2011.
The company stated: “Our employees have done everything they can to keep the site cost-competitive, and we strongly considered ways to improve the site’s efficiency, such as upgrading or expanding the facility.
“However, even with a considerable investment, TI’s factory in Greenock would be far less efficient than our other larger, more efficient fabs (fabrication plants), which have open capacity available to absorb what’s produced in Greenock.
“As part of this process, we are attempting to sell and transfer the facility as an on-going manufacturing operation (manufacturing related jobs, equipment, land and building).
“We have contracted with Atreg, a company that specialises in selling manufacturing properties, to help us with this.”
Scottish Business Minister Fergus Ewing said: “I am disappointed Texas Instruments is looking to close its Greenock manufacturing site. This is a blow to the local community and will be a very anxious time for employees and their families.
“The Scottish Government has been in touch with Texas Instruments and we will continue to work closely with the company to do all we can to secure a long-term future for the 365 jobs and manufacturing at the site. In addition Scottish Enterprise is seeking an urgent meeting with local management.
“Should any redundancies proceed, the Scottish Government’s PACE initiative stands ready to support any affected employees. Through providing skills development and employability support, PACE aims to minimise the time that individuals affected by redundancy are out of work.”