The meat plant's future rests in the hands of the Department of Environment, Food and Agriculture.
The department says it will announce a detailed plan for the plant, mapping out proposed ideas for its future, before next year.
So far, a tender process has been unsuccessful in providing a permanent operator for the facility.
The DEFA wants to put a long-term plan in place to make sure the plant is protected and find someone suitable; they're planning a meeting in December.
Repairs on Peel Power Station to get underway
Manx Care doctor survey to be discussed by Tynwald
Weather warning for snow tonight
MHK queries safety at primary school in Ballabeg
Gales put two ferry sailings at risk tonight
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night