The Australian Manufacturing Workers Union said it will work to secure employee entitlements.CMI Horsham will close, with 29 employees to be made redundant.
CMI Industrial receivers and managers McGrathNichol announced this morning that after a review of operations and an unsuccessful sale campaign, it would start the wind down of CMI Industrial’s Horsham foundry.
The process is expected to be completed by July 6.
Receivers failed to find a buyer for the Horsham CMI site.
Administrator Keith Crawford said the financial outlook for the business was not strong enough to support continued trading.
Australian Manufacturing Workers Union assistant state secretary Leigh Diehm said the union had done everything possible to keep the site open, but without a buyer for the company it had proved impossible.
Mr Diehm said the union would fight for workers to receive all entitlements.
“We have to remain positive that the other CMI sites currently under administration that a buyer can be found,” he said.
“This is truly devastating for those workers who have undergone this period of tremendous uncertainty and will now find themselves without work.”
For more see Friday’s Mail-Times.
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