Jobs saved by Railcare sale to German firm
Rail maintenance firm Railcare has been sold to a German company, securing two UK sites and over 200 jobs. The firm went into administration earlier this month with the loss of 33 jobs at Springburn, Glasgow, and 118 at Wolverton, near Milton Keynes. Administrators from BDO said the sale of the business and assets to Knorr-Bremse Rail Systems (UK) Limited had been completed. The deal will ensure the continuation of works at Railcare's sites and preserve all 202 skilled jobs. Current employees will be paid for all work they have done to date.
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