WORKERS at Corby’s Aquascutum factory are set to learn of their fate today.
A meeting between the administrators for the company, union representatives and workers is due to take place this morning at the factory in Princewood Road. The meeting is scheduled to take place at 11am.
The nationally renowned brand went into administration on Tuesday.
The collapse left the jobs of 250 workers across the firm, 115 of which are based in Corby, under threat.
Yesterday representatives from the administrators met union officials and Corby and East Northamptonshire MP Louise Mensch to discuss the situation.
Rachelle Wilkins, regional officer for the GMB Union, which represents workers at the Corby site, said the administrators had spoken to interested parties in relation to the viability of buying the firm but did not expect “good news” tomorrow.
She said: “We have been doing what we can to support our members in terms of where this goes forward.
“I am going to be in there with them to find out exactly what is going on here.
“I am always hopeful there will be a resolution however I am not holding my hopes out too much.
“We have had a good history of working with Aquascutum however that has waned of late I have to say.”
FRP Advisory was appointed to act as administrators for the 160-year-old firm which dressed famous faces, including the Queen Mother and Winston Churchill.
The business was bought by Jaeger’s owner Harold Tillman and its chief executive Belinda Earl in 2009.
Its shareholders invested around £30m in the firm in the following years to try to turn its fortunes around.
Mr Tillman sold a majority stake in Jaeger, which has its operations tied to those of Aquascutum, on Monday.
Speaking ahead of yesterday’s meeting, Louise Mensch MP said the news of the “great British brand” going into administration was “disappointing” and she hoped more information would become available shortly for the employees.
She said: “At the same time there is positive news, just before Easter I opened a factory in Corby which had moved from Yorkshire and the Hungry Horse pub has started construction which will provide more jobs. It doesn’t mean to say we are happy to lose any jobs but it’s important to welcome any new companies which will provide opportunities.”