Computer Firm Goes Into Administration
23 December 2018, 12:53
Administrators have been called in at a computer components firm in West Lothian, bringing uncertainty for more than 300 workers.
Livingston-based Kaiam Europe Limited (KEL) manufactures parts used for high speed data transfer in data centres.
Workers had previously been told their pay has been delayed, as the company did not have enough money to pay them.
They were sent home from the workplace on Thursday and told not to return.
On Saturday, KPMG released a statement saying it had been appointed as joint administrator for the firm.
Blair Nimmo, global head of insolvency at KPMG, said: "This is clearly very upsetting news for all of the staff at KEL, particularly at this time of year.
"Our first priority is to meet with the company's employees and communicate what these administration appointments mean for them, which we are aiming to do on Monday afternoon.
"KEL has faced challenging trading conditions, which caused the business to experience acute cash flow pressure.
"Despite the action of the directors to try to increase sales and attract new investment, the business entered administration."
He added that work was ongoing to find someone to buy the business.
They are working with Scottish Enterprise, Skills Development Scotland and West Lothian Council to support the company's 338 employees.