MINISTERS are set to unveil a rescue package to permanently secure the future of the troubled BiFab engineering firm. BiFab has remained under threat despite the firm being temporarily bailed out by a £15 million Scottish Government loan last November. However, the Sunday Herald understands that a new deal will be announced in the coming days. Redundancy notices were issued to BiFab workers at yards in Fife and Arnish on the Isle of Lewis in February. BiFab said it was going through a “natural down-manning process” as it nears the end of work on the £2.6 billion Beatrice Offshore Windfarm. However, it is thought that additional contracts have been secured for the company. Last night, there was speculation that a new holding company has been set up to take over BiFab and invest in it. The jobs of the 260 permanent workforce are at stake.
Herald 15th April 2018 read more »