Border Precision Engineering owners voice job optimism
- 2 May 2013
- From the section South Scotland
The new owners of a Borders firm bought out of administration have said they are "very optimistic" of keeping its workforce at current levels.
About 80 staff remain at Border Precision Engineering after the management takeover.
Twenty five people lost their jobs when receivers were called in in January and more have gone since.
Sales Director Graham Young said it had been a worrying few months but the firm was confident about the future.
"We are reliant on the skill force that we have currently got," he said.
"It's not as easy as it maybe once was to attract people down into the Borders with the kind of skills that the company needs.
"When you are investing in people and training them up we need to try and retain these people."
He said the management buyout - backed by an investor syndicate - would not have gone ahead if they did not have faith in the business.
"It is a difficult market out there but we are confident in the future," he said.
"It has been a difficult four months but we have still got some substantial challenges ahead."
He said the goals were to secure the business the firm currently has, as well as looking at new markets.