Eighty jobs at risk at Dundee firm
Scottish contractor Torith has gone into administration putting 80 jobs at risk.
Administrators Ernst & Young met employees on Monday and told them they did not need to come into work the next day.
Andrew Davison from Ernst & Young told the Dundee Evening Telegraph: “The group has been impacted by the recent economic downturn, which has led to a declining order book and the directors concluding the group can no longer continue to trade.”
Torith was formed in 1975 by Dundee businessmen Douglas Smith and Alan Torbet and at their peak employed more than 200 in construction, civil engineering and property development. They won major contracts in the private and public sector, including new schools, water services, offices and housing.