Commenting on the ongoing situation at Barrie Mill in Hawick, MP Michael Moore says he believes its "highly probably" the company will go into administration and it's "critical there is a quick decision'.
Shares in Dawson International which runs the cashmere-making company have been suspended while directors decide whether or not to place it into administration. It's due to a large pension deficit.
There is optimism that a textile mill in Hawick can be saved, despite its parent company going into administration.
Talks have been continuing throughout the day over the future of one of Hawick's biggest employers.