Wind Turbine manufacturers Skykon will tomorrow be back in business as an agreement sees Siemens provide short-term funding for an outstanding order of turbine towers. Skykon Campbeltown Ltd was placed into administration after its Danish parent company, Skykon, filed for bankruptcy.
Scottish First Minister Alex Salmond welcomed the announcement: “We are very pleased with the developments announced today. The administrators are to be congratulated on securing this breakthrough which enables the workforce to continue and which confirms backpay.”
Joint administrators Andrew Davison and Colin Dempster of Ernst & Young agreed the deal with global engineering company Siemens that sees production resume at Skykon’s Campbeltown site. Andrew Davison said: “We are encouraged by this latest development, though the desirable outcome remains the successful sale of the facility,”
Mr Salmond added: “Of course, the next task is to establish long-term investment to secure the future of the site. Ministers, Highlands & Islands Enterprise and Scottish Development International have been working hard behind the scenes with Ernst & Young and Siemens to help bring about today’s positive development.”
The agreement will see all 130 Skykon staff return to work tomorrow with all previous unpaid wages being met.