ALMOST 150 jobs have been lost after a long-established printing and book binding firm went into administration.
Montgomery Litho Limited was forced to made 79 people redundant at its Haddington offices in East Lothian – which shut immediately – and 69 at its Glasgow premises, which will remain open.
The firm, which was established in 1983, has a turnover of about £19 million a year and employs 233 staff. It appointed Blair Nimmo and Tony Friar of KPMG at the request of the company's directors as Joint Provisional Liquidators.
They plan to continue to trade the remaining business in Glasgow while a buyer is sought.
Mr Nimmo blamed the difficulties faced by the company on the loss of a major contract.
He added: "Montgomery Litho Limited had been facing difficulties following trading losses and increasing cash flow pressures. The loss of a major customer together with a continuing reduction in order levels at a time of declining demand within the UK printing industry have adversely affected the company.
"It is regrettable, but unfortunately necessary, to have to close operations in Haddington and to implement redundancies both there and in Glasgow."
Meanwhile, all shops owned by camera chain Jessops are to be closed by administrators, with the loss of 1370 jobs – 80 in Scotland.
Accountants PricewaterhouseCoopers is to begin the process of shutting the 187-store network.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article