Gentech factory buyout bid fails

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Attempts by management to stage a buy-out at the stricken Gentech plant in Girvan have failed and the factory will close its doors for good with the loss of around 75 jobs.

The news, which was broken to employees at the plant last week, has caused widespread dismay around the area and the battle is now on to find future employment for the skilled workforce at the Grangestone facility which is due to close its doors in March next year.

News of the confirmation of the phased closure, which had already been announced by the company late last year, was formally broken last Thursday in an e-mail from Angela Simkins its USA-based boss, to Mark Hastings, South Ayrshire Council’s Enterprise Manager.

It followed talks between the management team and the company, retitled Measurment Specialities Inc (MEAS), about the opportunities for a management buy-out. But Scottish Enterprise, which had been involved in the discussions with both the management team and an independent financial specialist, said last week that based on a number of factors they had conclulded that it would not be possible to progress the venture. A formal consultation period with the staff will now begin.

And a two-pronged drive to find alternative employment for the workers will now swing into action.

The area’s MSP, Adam Ingram has promised the suppport of the Scottish Government-backed Partnership Action for Continuing Employment (PACE) who, he said, will “work very hard” to achieve the objective.

In addition, South Ayrshire Council could decide to use its Employability and Enterprise proposals to help offset the negative impacts of the decision.