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Last Updated: Wednesday, 26 January, 2005, 18:30 GMT
Engineering company stops trading
Twenty-five jobs have been lost in Cornwall after an engineering company announced it is to stop trading.

Managers at Holman-OEM in Camborne, a metal fabrication company, say they have a cash-flow crisis, but are still seeking new financial help.

The company, formed out of Compair Holman, blames previous business forecasts which have not materialised.

The firm began trading more than a year ago, when 19 engineers took over part of the Compair Holman factory.

The workforce had increased to 27 but despite a full order book the company has been experiencing cash-flow problems, which it says have now reached crisis point.

The firm is talking to various funding agencies and insists that the dream of keeping engineering alive in Camborne is not over.




SEE ALSO:
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17 Jan 05 |  Cumbria
MP wants job assurances
10 Jan 05 |  Staffordshire
Jobs may go at Cornish air base
21 Sep 04 |  Cornwall


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