Workers due to attend meeting on future of Schivo NI

Workers are due to be called to a meeting to discuss the future of Schivo NI.

Staff were told last week that their wages were secure until the end of the month.

News broke on Friday, January 6th that the company, formerly known as Maydown Precision Engineering (MPE) had gone into administration.

A source 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 (January 18th) they will be closing it down.”

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