A total of 60 staff are set to lose their jobs after Scottish construction firm Stewart McNee (Dunoon) Ltd goes into administration…
Tough trading conditions and cash flow difficulties were cited as the reasons behind family-run firm Stewart McNee (Dunoon) Ltd running into difficulties.
The company, which is in administration, will make 60 staff members redundant, leaving one employee in place.
The Scottish government said it would work to support those who have lost their jobs as a result of the firm going into administration.
Business Minister Fergus Ewing said: “KPMG have confirmed that they have made 60 employees of Stewart McNee construction redundant, most of whom live in the town.
“This news will be devastating for employees, their families and the town of Dunoon and the Scottish Government will do everything possible to help.
“Our initiative for responding to redundancy situations, Partnership Action for Continuing Employment [PACE] is already engaged with the administrators, who will today issue a letter on our behalf inviting employees to attend four PACE drop in sessions over the next fortnight to provide immediate help.
“Through providing skills development and employability support, PACE aims to minimise the time that individuals affected by redundancy are out of work. Skills Development Scotland will also help the five Modern Apprentices who trained at the company.”
KPMG’s Blair Nimmo and Tony Friar were appointed as joint administrators.
Nimmo said: “It is highly regrettable that such a long-established family business and significant employer in the Cowal Peninsula has succumbed to market and cash flow pressures.
“Our immediate priorities are to ensure that all employees are supported, working closely with the relevant government agencies.
“We will explore the possibility of transferring existing contracts to another contractor as we seek to maximise asset realisations.”
Skills Development Scotland (SDS) delivers PACE support on behalf of the Scottish government. Area Manager for Moray and Argyll Frances Webster said: “Redundancy is a stressful situation and many people do not know where to turn to in order to get the support they need.
“Through PACE, anyone facing job loss can access information in one place, from financial advice to help with applying for jobs.”
