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Although the bidding process for the Nike Uptempo Wheat Flax
41 jobs saved at Remploy factory in Ascot Drive
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employee to encourage bidders to come forward.
This means that it would continue operating on a not for profit basis and apply to various agencies for grant funding.
The 234 disabled people at risk of redundancy and will take part in a consultation with Remploy and be supported by the package of support to help them move into mainstream work.
Due diligence negotiations will take place before the sale of the business can be finalised. The bidding process is being overseen by Nike Zoom Uptempo V For Sale accountancy firm KPMG, the Remploy board and the Department for Work and Pensions.
Remploy expect to confirm who the preferred bidder is for the automotive business within a few weeks.
"Over the next few weeks, KPMG will be continuing commercial discussions with a number of bidders who have expressed an interest in acquiring the whole business and all the 217 employees including 179 disabled employees based in sites in Birmingham, Coventry and Derby."
factories is confidential, one of the schemes under consideration would see the three Midlands factories being run by employees as a social enterprise.
and Pensions offered a wage subsidy of up to per disabled Nike Air Total Max Uptempo Neon For Sale
Speaking in the House of Commons yesterday, Minister for Disabled People Esther McVey said: "I can confirm that Remploy has received a number of good quality innovative bids for its automotive business.
Yesterday's announcement means that 515 of the 749 disabled employees at Remploy operations are likely to keep their jobs.
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