BUILDING firm R&D - the main contractor for DGHP’s Stranraer housing regeneration - are rumoured to be in financial difficulty after staff failed to receive their wages.
The firm, which employs 200 staff across the region, may be forced into receivership by the bank and now Galloway’s Conservative parliamentary candidate Alex Fergusson and MP Russell Brown are calling for urgent moves to protect the workforce.
Mr Fergusson said: “All possible pressure needs to be brought to bear to ensure that the badly needed neighbourhood renewal projects in Dumfries and Stranraer continue. I have therefore contacted the Chief Executive of the bank concerned in order to discuss the devastating impact that this possible action would have.
“It cannot be right that the bank has threatened this action when the company has just reduced its borrowing by over 20%, leaving it with considerable headroom within its borrowing arrangements. In taking this action the banks are threatening the livelihoods of over 200 directly employed people and the same number who are indirectly employed. Many other sub-contractors and suppliers could be adversely affected.”
The firm was contracted by DGHP for its multi-million pound renewal of neighbourhoods in Stranraer and Dumfries but staff were told not to bother reporting to work today (Monday).
MP Russell Brown said: “Once again, I have serious concern about the behaviour of a bank and I’m seeking to urgently talk with them to assist with R&D’s case. I hope they will listen and give the company the additional time that they need to get back on track.
“R&D is a good local business and I’m confident they will recover from this. My heart goes out to the hundreds of employees who are now worried for the future and my message to them is I’ll be with them every step of the way.”