Wrightbus is close to a rescue deal after last-ditch talks.
An agreement has been reached ‘in principle’ to save the Ballymena-based bus maker.
Wrightbus went into administration with the loss of 1,200 jobs. However, it has just been announced that a deal had been reached ‘in principle’ between the company’s founding family and industrialist Jo Bamford, the son of Lord Bamford, who is chair of JCB.
The Wright family owns the factory and farmland and an agreement over those assets had been the main issue. Talks are ongoing.
Wrightbus workers pop the champagne! @BelTel pic.twitter.com/ktWN1h9dq2
— Ralph Hewitt (@rafehewitt) October 11, 2019