Staff at an engineering firm in Derry have been told that unless the company can find a buyer by next Wednesday the doors will close costing 83 jobs.
The stark news came at a meeting yesterday afternoon about Schivo NI, formerly Maydown Precision Engineering (MPE).

News broke last Friday that the company had gone into administration.

A meeting was held at 2pm today to inform employees of what was happening.
A source at the meeting who did not wish to be named told the Derry News: “We are under administration but we have been told that they have secured the money for our wages, which was the good news.
“They said they have been talking to prospective buyers and have spoken to suppliers and customers. They said they are still looking to work with us and are trying to find a buyer or keep going as a going of concern.”
The source added: “They said that they can guarantee our wages but they can’t guarantee anything else and that if they don’t have a buyer by next Wednesday they will be closing it down.”
Derry News contacted the Schivo Group for comment; however, we were told that no one was available for comment on the issue.

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