The Glasgow Times understands that a group of investors, mainly made up of local businessmen, are working with the liquidators to strike a deal that could see many of the 250 staff brought back in the short term.
It is believed that the factory based on Drumchapel could return to work on Sunday.
SNP MSP for Anniesland Bill Kidd said “The Chairman of the Owners Group, who are in the process of taking over Mortons Rolls, have informed me that after days of intense negotiations with HMRC, Morton’s is looking to start production on Sunday evening.
Read more: Morton’s Rolls: ‘All is not lost’ says Glasgow’s Paul Sweeney
Managers have been called in to handle the logistics of restarting production.
“This is the first step to re-escalating production, and we hope that as many employees as possible can return to work.”
We previously told how Mortons Rolls ceased operations after 58 years earlier this month as the company imploded, leaving jobs hanging in the balance.
Redundancy notices began being issued to employees Monday evening after the appointment of a temporary liquidator last week.
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Mr Kidd added: “I am very optimistic that these vital local jobs can still be created – and the work continues to make that happen.”
For the year ending at the end of March 2021 the company reported a loss of £262,000 on sales of over £11.8m.
The Glasgow Times has contacted Mortons Rolls for comment.
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