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Press release



Burntisland Fabrications Limited (“BiFab” or “the company”)

As has been well publicised, the company HAS BEEN facing a critical cash position following a dispute with its key customers. During the course of this week and over the weekend the Directors of BiFab have been seeking to agree an immediate financial solution with its key stakeholders that would secure the future of the business and its workforce. The Directors are pleased to confirm that a solution has now been agreed WHICH will allow the business to start to return to normal trading. Tough decisions have been made, however the directors can see that a longer term future exists for the business. Martin Adam Managing Director for the company said "We are very pleased to report that we have been able to secure the future of BiFab and its workforce. I would like to thank the efforts of all the key stakeholders, including the Scottish Government. This has been a very difficult week for the business and all those connected with it, but I’d like to take this opportunity to thank the workforce and the unions, and all those suppliers who have continued to work with us, for their invaluable support. We hope that this support continues over the coming weeks whilst we get the business to return to full normal trading. We will be speaking to the Unions and workforce on Monday, and communicate with the suppliers over the course of next week. ”
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