17 jobs lost as Aberdeen Fluid System Technologies placed in receivership

An oil rig at sunset

A north-east oil service company has gone into receivership, resulting in 17 staff members being laid off.

Rising costs and unsustainable cash flow problems drove Aberdeen Fluid System Technologies (AFST) to the wall, according to receivers at FRP Advisory.

The business has ceased trading with immediate effect.

Read the full story by visiting our sister site, Energy Voice.

Breaking

    Cancel