Engineering firm’s future in doubt as rescue deal collapses

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THE future of an award-winning engineering firm has been thrown into doubt after the sudden collapse of a rescue deal.

 Bosses at the Fin Machine Company, in Seaham, are now in talks over a proposed management buy-out in a bid to save the company, which employs 115 staff.

 The precision engineering company, which has reported cashflow problems, looked to have been saved when it was bought from administration by US investors shortly before Christmas.


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