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Hillside Railway Workshops Offered For Sale

As part of Kiwi Rails quest for financial sustainability the Hillside workshops in Dunedin is being offered for sale.
 
Ironically Hillside was the one Mechanical plant that wasn't outsourced during the Mechanical outsouricing to Alstom (later United) by Tranz Rail in 2002.
 
What its future is outside of the rail sector in Dunedin remains to be seen. Its viable future is far from certain.
 
The press release is here:
:
Hillside Workshops Offered For Sale
19 April 2012
 
KiwiRail is seeking expressions of interest for the sale of our Dunedin-based Hillside Workshops business.

The business will be advertised for sale as a going concern from early May, 2012 with a final decision due by the end of August, 2012.This decision was made after analysing the financial impact of the reduction in construction and refurbishment forward work orders for Hillside Workshops.According to Chief Executive, Jim Quinn, while the sale terms are negotiable, the preferred outcome will be that it is purchased as a going concern.“We are looking for a sale outcome that secures Hillside’s future as New Zealand’s largest heavy engineering site,” he said.“If this type of sale eventuates we will then continue to allocate some heavy maintenance work on commercial terms to the new owners of the facility.”“We think this is an ideal opportunity for a business with more industrial commercial engineering experience and a wider customer base to take the site over. They can target these customers with more product scope than we could."“We know this decision is difficult for our staff and we will be ensuring that they have full access to all information and any support services they require.”
 
 

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