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Kintyre wind farm firm goes bust
Credit: BBC News, www.bbc.co.uk 26 October 2010 ~~
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Translate: FROM English | TO English
A wind turbine manufacturer which received £10m from the Scottish government to safeguard jobs has gone bust.
The Danish company Skykon, which took over the Vestas wind turbine factory in Kintyre last year, has announced it is suspending payments to its creditors.
A total of 120 people are employed at the site just outside Campbeltown.
In a statement Skykon said the company was in a very “cash-strapped situation.”
The company had been due to start production in the next month.
The announcement will come as a blow to First Minister Alex Salmond who went to Kintyre last summer to announce the deal.
The Scottish government’s financial backing for Skykon was intended to safeguard 100 jobs at the factory and create 300 more.
Meanwhile, Danish firm Vestas, the world’s largest wind turbine manufacturer, said it would axe 3,000 jobs and shut some plants to adjust to weaker demand.
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