Greenfold Systems Ltd (GSL) operated from Pitreavie Business Park, providing manufacturing and assembly services to the commercial vehicle sector.
It entered liquidation in July, after a key contract with then troubled bus company Alexander Dennis Ltd (ADL) was withdrawn.
ADL had announced intentions to close its Scottish operations in Falkirk and Larbert, with plans to set up in Yorkshire instead.
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But the company has now revealed that it intends to keep the sites “open and operational”, receiving £4m in Scottish Government funding for a furlough scheme until work can recommence.
Dunfermline and Dollar MP Graeme Downie said: “Today’s announcement,…