Wrightbus in last-minute search for buyer to avoid collapse
Northern Ireland maker of London’s new Routemaster buses employs 1,400 workers
One of Northern Ireland’s biggest employers faces a crunch week as Wrightbus, which employs 1,400 staff, attempts to stave off collapse by securing a last-minute rescue deal.
Mounting financial problems at the Ballymena-based company have left it looking for a buyer, with the Chinese engineering group Weichai and a firm led by the JCB heir, Jo Bamford, understood to be the suitors in talks. However, local MP Ian Paisley told the BBC on Friday he understood talks with the two potential buyers had failed to reach a conclusion.Continue reading...