The River Clyde’s last remaining commercial shipbuilder has been fighting for survival in recent months and last night called in KPMG after failing to fix cash flow issues.
Joint administrators Blair Nimmo and Tony Friar say 70 of the yard’s 77 employees have been made redundant immediately.
Effort is now underway to see if ongoing work can be completed and decide if a buyer can be found, KPMG says.
