Deal reached to save jobs at Inverclyde semi-conductor manufacturer
Future of staff at Texas Instruments under threat since management announced plans to move production overseas in 2016
Image credit: Fotolia
A deal has been reached to save 300 jobs at a semi-conductor manufacturer in Inverclyde.
The future of staff at Texas Instruments had been under threat since management announced plans to move production overseas in 2016.
But semi-conductor manufacturer Diodes Incorporated has now agreed to purchase the plant and continue production and employment in Greenock.
The Scottish Government welcomed the deal, which is expected to be completed by spring 2019. It came after ministers provided around £15m in support.
Greenock and Inverclyde MSP Stuart McMillan said: “I am absolutely delighted that we now have a solution that sees Inverclyde benefit from the continuation of high value manufacturing in the constituency.
“The Scottish Government has worked tirelessly to secure this outcome – the SNP will always stand up for jobs and manufacturing in Scotland.
“Despite the uncertainty that the workforce faced over the last few years, they have remained motivated, focussed and have consistently delivered. The new company will be getting a highly skilled workforce to be proud of.
“I am delighted with the efforts of everyone involved to help get this deal done and want to pay particular tribute to Scottish Enterprise and all public agencies involved for their sterling efforts.”
Minister for Business, Fair Work and Skills Jamie Hepburn said the Scottish government and its agencies would continue to work with Diodes, Texas Instruments and public sector agencies to complete the agreement.
The UK Government has announced it will invest £100m in an Ayrshire growth deal, which will be matched by £100m more from the Scottish Government
The deal would provide a funding for investment in infrastructure and the economy in Dundee, Perth and the surrounding areas
The Scottish Government is calling on the UK Government to match its 10-year funding offer
The Infrastructure Commission for Scotland will advise the Scottish Government on its infrastructure strategy and investment
Vodafone explores some of the ways IoT is significantly improving public sector service delivery
With the annual worldwide cost of cybercrime set to double from $3tn in 2015 to $6tn by 2021, BT offers advice on how chief information security officers can better...
Vodafone today announced the commencement of trials of the world’s first air traffic control drone tracking and safety technology.
BT's Amy Lemberger argues that having the right security in place to protect your organisation is no longer just an option. It is a necessity.