Shock as shipyard closes
A Moray shipbuilding business that dates back more than a century has gone into administration, with the loss of almost 70 jobs.
Buckie Shipyard Ltd, one of Scotland’s oldest specialist shipbuilding firms, said it had suffered “severe cash-flow problems” caused by unsustainable costs, a decline in demand and intense competition.
Administrators will wind down the firm before closing it and selling off the company’s assets.
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