NE Scotland, Orkney & Shetland

North east building firms in administration

Two north east companies have gone into administration with the loss of 164 jobs.

Staff at Les Taylor Contractors in Mintlaw and its subsidiary J G Fowlie, which are in the construction industry, were given the news on Friday afternoon.

The firms employ 192 people.

Joint receiver Colin Dempster, from Ernst and Young, said they had faced difficulties because of decline in demand.

He said: "The decline of the businesses was such that we had no other option other than to make these unfortunate job cuts.

"Some staff have been retained to assist with securing and gathering assets. We are now focused on realising assets on behalf of the companies' creditors."

Related Internet links

The BBC is not responsible for the content of external Internet sites