LISTER Petter is leaving Dursley after 147 years - but 80 jobs are safe.
Union leaders have been assured by a director of the new firm which owns it that a move to a former RAF base at Aston Down will secure a future for the 80 workers left after it went in to administration last month.
It had already shed 77 jobs in just a few months before insolvency practitioners arrived at the diesel engine factory but those that are left appear to be safe.
“The new owner has told us he wants everybody to go to Aston Down,” said Trevor Hall, the Unite union’s regional officer.
“He is confident business will improve and he would look to take on more in future. “I will be meeting him against next week to find out more but this is encouraging news.
“We have to take what’s been said at face value but I am pleased the company has been saved and can go forward.”
Lister Petter has a global operations hub at Hardwicke and the move to Aston Down near Minchinhampton will mean the end of 147 years of a proud association with Dursley.
It was founded in 1867 when Robert Aston Lister repaired farm machinery at a water mill in Dursley.
It exported worldwide and the town’s wealth throughout the 1960s and 70s was built on the firm, which in its heyday employed more than 5,000 people.
The firm was bought by aircraft manufacturer Hawker Siddeley in the 1960s and merged with Petter Ltd in 1986.
It went into administration earlier this year as it struggled with debt and falling sales.
“Lister Petter Ltd is no longer,” said head of business development Nigel Sankey.
“It was bought from the administrator by the EGL Group and is being operated under one of its subsidiaries.”
It has been taken over by Birmingham-based EGL Group and it will run under an EGL subsidiary called Dorset Road One - it is expected to make diesel generators branded as Lister-Petter machines.
Production line equipment is being moved out of Dursley to the former RAF base now.