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STV News
11-07-2025
- Business
- STV News
More than 80 jobs axed as bus firm collapses amid Alexander Dennis uncertainty
More than 80 jobs have been lost at a Fife-based manufacturing company after the announcement that bus firm Alexander Dennis could move its operations south of the border. Greenfold Systems, based in Dunfermline, built parts for buses, with the Falkirk-based Alexander Dennis being a 'major customer' for the firm. But on Thursday, administrators were called in, with 81 of the 90 jobs at the company axed, with the remaining staff kept on temporarily. Alexander Dennis announced last month the launch of a consultation, which could eventually see 400 jobs lost in the area if the company's operations were consolidated into a single site in Yorkshire. The consultation has since been extended by two weeks and will close on August 15, with the company assuring MSPs the decision was not a 'done deal'. But it has already had a knock-on impact on the supply chain with the collapse of Greenfold. Callum Carmichael, a joint administrator for the firm and a partner at FRP Advisory, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. 'Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. 'Our priority now is to support the affected employees and to maximise returns for creditors.' Scottish business minister Richard Lochhead said: 'I am very disappointed to learn that Greenfold Systems Ltd has entered into administration. 'This will clearly be a very difficult time for workforce and their families. 'The people affected by this announcement are our immediate priority and the Scottish Government will do everything in its power to help those affected through our initiative for responding to potential redundancy situations. 'We continue to explore all viable options to support Alexander Dennis Ltd, its workforce and the wider businesses and communities they support. 'We are doing this at pace and in close collaboration with the company, trade unions, Scottish Enterprise, Transport Scotland and the UK Government.' Alexander Dennis has been contacted for comment. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
Scotsman
11-07-2025
- Business
- Scotsman
More than 80 jobs axed as bus firm collapses amid Alexander Dennis uncertainty
Administrators called in after bus firm moves operations to England Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... More than 80 jobs have been lost a Fife-based manufacturing company after the announcement bus firm Alexander Dennis could move its operations south of the Border. Greenfold Systems, based in Dunfermline, built parts for buses, with the Falkirk-based Alexander Dennis being a 'major customer' for the firm. Advertisement Hide Ad Advertisement Hide Ad But on Thursday, administrators were called in, with 81 of the 90 jobs at the company axed, with the remaining staff kept on temporarily. General view of the Alexander Dennis site at Camelon, near Falkirk | PA Alexander Dennis announced last month the launch of a consultation which could eventually see 400 jobs lost in the area if the company's operations were consolidated into a single site in Yorkshire. The consultation has since been extended by two weeks and will close on August 15, with the company assuring MSPs the decision was not a 'done deal'. READ MORE: Summer strikes to hit Glasgow Airport as around 100 workers to take industrial action Advertisement Hide Ad Advertisement Hide Ad But it has already had a knock-on impact on the supply chain with the collapse of Greenfold. Callum Carmichael, a joint administrator for the firm and a partner at FRP Advisory, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. 'Immediate and severe' impact of losing major customer 'Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. 'Our priority now is to support the affected employees and to maximise returns for creditors.' Advertisement Hide Ad Advertisement Hide Ad Scottish business minister Richard Lochhead said: 'I am very disappointed to learn that Greenfold Systems Ltd has entered into administration. 'This will clearly be a very difficult time for workforce and their families. 'The people affected by this announcement are our immediate priority and the Scottish Government will do everything in its power to help those affected through our initiative for responding to potential redundancy situations. Advertisement Hide Ad Advertisement Hide Ad 'We continue to explore all viable options to support Alexander Dennis Ltd, its workforce and the wider businesses and communities they support. 'We are doing this at pace and in close collaboration with the company, trade unions, Scottish Enterprise, Transport Scotland and the UK Government.'
The Independent
11-07-2025
- Business
- The Independent
More than 80 jobs axed as bus firm collapses amid Alexander Dennis uncertainty
More than 80 jobs have been lost a Fife-based manufacturing company after the announcement bus firm Alexander Dennis could move its operations south of the border. Greenfold Systems, based in Dunfermline, built parts for buses, with the Falkirk-based Alexander Dennis being a 'major customer' for the firm. But on Thursday, administrators were called in, with 81 of the 90 jobs at the company axed, with the remaining staff kept on temporarily. Alexander Dennis announced last month the launch of a consultation which could eventually see 400 jobs lost in the area if the company's operations were consolidated into a single site in Yorkshire. The consultation has since been extended by two weeks and will close on August 15, with the company assuring MSPs the decision was not a 'done deal'. But it has already had a knock-on impact on the supply chain with the collapse of Greenfold. Callum Carmichael, a joint administrator for the firm and a partner at FRP Advisory, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. 'Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. 'Our priority now is to support the affected employees and to maximise returns for creditors.'
Scottish Sun
11-07-2025
- Business
- Scottish Sun
Nearly all staff axed as major Scots manufacturer goes bust
The loss of a major customer contract had an 'immediate and severe impact' on the firm 'UNSUSTAINABLE' Nearly all staff axed as major Scots manufacturer goes bust Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A SCOTS manufacturer has plunged into administration with the loss of more than 80 jobs. Fife-based Greenfold Systems Ltd supplied parts to bus company Alexander Dennis. Sign up for Scottish Sun newsletter Sign up 1 Greenfold Systems Ltd in Dunfermline has made 81 employees redundant Credit: Google The firm operated out of Pitreavie Business Park in Dunfermline and provided manufacturing and assembly services to the commercial vehicle sector. But the withdrawal of its contract supporting Alexander Dennis Ltd has left the company "unsustainable", reports The Herald. Staff were previously informed of potential job losses due to the move. Callum Carmichael and Michelle Elliot of FRP Advisory, together with Shona Campbell of Henderson Loggie LLP, were appointed as administrators of Greenfold Systems Ltd. The firm employed 90 people, with 81 employees being made redundant. Callum Carmichael, joint administrator of Greenfold Systems Ltd and partner at FRP, said: "Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. "Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors." Last month, Alexander Dennis announced plans to close its Scottish-based manufacturing facility in Falkirk. Alexander Dennis said it would be moving all manufacturing operations into a single site in Scarborough, England. It added: 'Production lines at Larbert would be suspended upon the completion of current contracts. Sport Scotland Agency Faces Tough Job Cuts "This proposed structure will lower overall costs, deliver clearer responsibilities and increase efficiency by removing duplicate functions and activities."
STV News
10-07-2025
- Business
- STV News
Bus manufacturer enters administration after loss of Alexander Dennis contract
A Fife-based bus manufacturer has made 81 employees redundant after it entered administration. Workers at Greenfold Systems Ltd in Dunfermline were previously put on notice of potential job losses as a knock-on effect of bus company Alexander Dennis planning to pull out of Scotland. Around half the staff on site were working on parts for the Larbert-based company. On Thursday, Callum Carmichael and Michelle Elliot of FRP Advisory, together with Shona Campbell of Henderson Loggie LLP, were appointed as administrators. The company employed a total of 90 staff, with nine staying on a short-term basis to complete a customer contract. Callum Carmichael, joint administrator of Greenfold Systems Ltd and partner at FRP, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. 'Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors.' Graeme Downie, Labour MP for Dunfermline and Dollar previously wrote to First Minister John Swinney about the threat of job losses at Greenfold. STV News GSL Around half the staff on site were working on parts for Alexander Dennis. He believes the 'lack of action' shown by the SNP leader is 'unacceptable'. The MP said: 'First and foremost, this news is devastating for the workforce and their families, and my office is here to help in any way we can to get people the support they need to find work. 'This news today is not the fault of the management or the staff at Greenfold Systems who have worked tirelessly to maintain a viable business.' 'I warned the First Minister of exactly this impact on the supply chain as a result of the failure of the SNP to support bus manufacturing in Scotland. 'It is unacceptable that the First Minister has taken no action and hasn't even had the courtesy to reply to my letter, instead seeming content to let the workers at Greenfold suffer the consequences of his government's action, or lack of action. ' The Scottish Government has been contacted for comment. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
