THIS HAS RUINED MY CHRISTMAS
TYCOON’S MESSAGE TO WORKERS LEFT WITHOUT PAY
Fly-away boss breaks silence to insist he is a victim too
A tech tycoon who flew out of Scotland days before his firm went bust, leaving almost 400 workers without pay, broke his silence yesterday.
Kaiam chief executive Bardia Pezeshki denied accusations of cowardice after he left the country before his workforce in Livingston were told they would not be receiving their expected wages tomorrow because the company had gone into administration.
Speaking to The Sunday Post from his $ 3 million home in San Francisco, he said the collapse of the firm had ruined his Christmas too, adding: “I’m no Grinch. It is painful but it was unpredictable. There is nobody chickening out or enjoying their holidays. I am not sure I deserve the humiliation me and my family are going through.”
However, the comments from Mr Pezeshki, who attended the firm’s Christmas party before jetting out, failed to impress workers.
Mr Findlay added: “The behaviour of the chief executive of this company has been nothing short of outrageous. He has shown a complete disregard for a loyal workforce. People have been treated with contempt.”
The collapse of Kaiam came despite the sale of a plant in England for $ 80m last year. In May 2017 Kaiam completed a deal to purchase Compound Photonics (CP) in Newton Aycliffe, County Durham, last May then sold it to optics and photonics firm II-VI for $80m (£62m) in August.
Mr Pezeshki also confirmed he got a “windfall” from that deal. However, he insisted all of the profits were put into Kaiam “to help pay wages”. He said he made “very little” from the sale.
John Jack, 54, a production operator at K a i a m’s Livingston f a c t o r y, said: “Managers let it slip about the deal and we were led to believe it would secure our future. But they never spent a penny on the plant – some machines are held together with sticky tape.”
Bardia Pezeshki has dinner with his sister Maryam. Inset: A donation centre set up for Kaiam workers