Talks to save failed firm
Kaiam workers to be told their fate on Christmas Eve
Kaiam workers face uncertain future (pic: Kaiam)
More than 330 employees of a Livingston data components manufacturer will learn on Christmas Eve whether they will have a job in the new year.
Blair Nimmo and Alistair McAlinden of KPMG were appointed joint administrators of Kaiam Europe and Kaiam UK on Friday just 24 hours after workers at the plant were told not to come in for work.
The administrators are in talks about a possible sale of the business in the hope of saving at least some of the 338 jobs at the plant.
Established in 1998, KEL manufactures parts used for high speed data transfer in data centres. It is a subsidiary of California-based Kaiam Corporation which is not subject to the administration.
Mr Nimmo said: “This is clearly very upsetting news for all of the staff at KEL, particularly at this time of year. Our first priority is to meet with the company’s employees and communicate what these administration appointments mean for them, which we are aiming to do on Monday afternoon.
“KEL has faced challenging trading conditions, which caused the business to experience acute cash flow pressure. Despite the action of the directors to try to increase sales and attract new investment, the business entered administration.
“We are exploring a sale of the business and are working with Scottish Enterprise, Skills Development Scotland and West Lothian Council to provide a full range of support to the company’s employees as this process takes place. We would encourage any interested parties to contact us as soon as possible.”