FORMER Lochcarron of Scotland chief David Ogilvie has expressed his regret at the 2009 closure of its Hawick factory with the loss of 32 jobs.
Mr Ogilvie spoke this week after his sudden decision to resign from the now Selkirk-based company after 19 years as financial and, latterly, managing director.
He said: “It was tough, it is never nice when people lose their jobs.
“It was a sign of the times but if we had not made that decision the whole company could have been brought down.
“As I said at the time, our skilled workers were taken on by other Hawick knitwear firms, who benefited from our absence in the town.”
Insisting there was “nothing sinister” behind his resignation, Mr Ogilvie quit following investment from chairman Alistair Buchan and the bank to safeguard Lochcarron’s future.
He said: “As managing director I felt there was no point sitting in meetings when I knew I would not be there in a couple of weeks.
“I had already started packing up my desk and I felt it was better for everybody that I move on before those meetings.”
While Mr Buchan said there were no plans to reduce the current workforce of 80 at Lochcarron’s Selkirk base.
He added: “We are not taking people on but we are relatively busy. “