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Jobs Blow as Construction firm goes into administration.

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  • Jobs Blow as Construction firm goes into administration.


    Construction and engineering firm the Dunne Group has entered administration, leading to the loss of around 200 jobs in Scotland.
    The Bathgate-based firm has ceased trading after it made substantial losses on several contracts.
    FRP Advisory has been appointed as administrators to the group and its subsidiaries.

    Across the UK, 524 of the 540 people employed by the group will lose their jobs immediately.
    In Scotland, 16 people will be retained to help with the closure.
    Tom MacLennan, partner at FRP Advisory and joint administrator, said: "This is a sad loss for the construction and building industry.
    "The business faced substantial trading losses on some contracts, leading to severe cash flow pressures.


    "Additionally, rapid expansion led to pressure on working capital and a requirement for significant additional funding that was not available.
    "Given these issues, the joint administrators have had to cease trading, resulting in 524 employees being made redundant.
    "A team of 16 staff will be retained to assist with the closure process and realisation of the business' assets.
    "Our priority is to work closely with all agencies and services to ensure employees receive every support and assistance at this very difficult time."

    http://stv.tv/news/east-central/1361...eases-trading/

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