Friday, 17 August 2012

Dawson International's Hawick mill could be sold

There is optimism that a textile mill in Hawick can be saved, despite its parent company going into administration. 

 Barrie Knitwear employs around 200 people and makes clothes for designer labels.

Several companies have now expressed an interest in buying the mill and local people are hopeful that it can be saved. Yesterday its owner, Dawson International, announced that a huge £50m pension deficit had forced the company into administration.

Chairman David Bolton said it was a sad day for Dawson International, and criticised the Pension Protection Fund for rejecting proposals to resolve the deficit. However, the Pension Protection Fund has defended its decision and said that the company did not meet the stringent tests to allow the pension scheme to operate under its protection.

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