A second meeting of the task force set up in the wake of the collapse of papermaker Tullis Russell, has pledged £600,000 towards providing training for its former employees .
The 206-year old Markinch-based company was plunged into administration last month with the loss of 325 jobs.
The task force, headed by Deputy First Minister John Swinney and Fife Council leader David Ross, met on Thursday to also look at drawing up an action plan in a bid to help soften the impact of the company’s demise.
Speaking after the meeting last week Mr Swinney and Mr Ross said one of their main aims was to support economic growth and employment creation in Glenrothes and central Fife.
“With new ownership of the Tullis Russell site a major challenge to achieve, work is under way to establish further opportunities for the site,” they added.
“We want to help mitigate effects of potential job losses and put in place support for a sustainable future for the area.
“Recognising the need to act quickly, the task force agreed to make available £100,000 to respond to people’s immediate training needs and earmark a further £500,000 for skills development and training in the short term.”
Mr Swinney also reiterated the desire to find a buyer for the troubled firm, which has racked up an estimated £18.5 million worth of debt in the last five years, or to find a long-term alternative solution for the site should a purchaser not be found.