Teson Trims in voluntary administration
Posted
Financially-troubled Victorian car component company Teson Trims has gone into voluntary administration.
The company employs 130 workers in Euroa and Mitcham.
It is the latest car manufacturing business to struggle from difficulties in the car industry.
One of the administrators, Matthew Byrnes, says Teson Trims will continue to operate in the short term.
"We're continuing to trade so in that sense it's not a walk in and close down in any sense," he said.
"We're continuing to operate the business and we'll be exploring possibilities for a sale.
"At this very early stage it's difficult to say whether we will be able to find a buyer, but that's our intention."
