Around 150 employees face redundancy after TXM Plant Ltd, the UK’s biggest supplier of road-rail vehicles, entered administration.
Teneo Financial Advisory Ltd has been appointed as administrators after the Wigan-based company reportedly faced “challenges” in recent months, with falling customer demand in the face of industry-wide budgetary constraints.
As well as being the UK’s largest supplier of road-rail vehicles in the UK, TXM Plant also provides consultancy and training, plant operations scheme work, and contract lifts.
RAIL understands that discussions are under way between the RMT union and TXM Plant’s administrators, to understand what steps are being taken to find a new buyer or to fund for the company.
RMT General Secretary Mick Lynch told union members: “I have written to Network Rail over this matter and asked the company…