1. Border
  2. 3 updates

Peebleshire textile mill closes

Production at Caerlee Mills in Innerleithen has ended after 225 years. Scotland's oldest continually operating textile mill will immediately shed 33 jobs as efforts to keep it open fail.

Live updates

Advertisement

Attempts to find buyer fail

Liquidators had hoped to secure a new buyer for the mill which produces luxure cashmere goods.When no interest was expressed the decision to cease trading with immediate effect was made.

Three staff are being retained in the short term to assist winding down the business.

This is another damaging blow to the Borders textile industry which is being squeezed by competition from cheaper foreign imports.

Blair Nimmo of liquidators KPMG said:

Despite our best efforts to secure the sale of the mill we have been left with no option other than to cease all operations with immediate effect.

“Unfortunately 33 of the company’s 36 employees have been made redundant, with three staff being retained in the short term to assist in winding down the business.

“We would like to thank staff for their co-operation through this difficult process. "We will be working with employees to ensure that support to find alternative employment is available for all those who need it.”

– Blair Nimmo, KPMG
Back to top