200 jobs axed as recruitment firm Spectrum Social Network Ltd folds
Friday 28 September 2012
Around 200 people have lost their jobs after a recruitment firm went into liquidation.
Provisional liquidators KPMG said that Spectrum Social Network Ltd could no longer continue after facing "challenging trading conditions".
The company, which traded as Spectrum Personnel, recruited and supplied temporary and contract workers, mainly to the engineering and logistics sectors.
It employed around 200 people, comprising 30 employees and 170 contractors, out of its two offices in Motherwell, North Lanarkshire, and Gateshead, Tyne and Wear.
All have been made redundant.
Blair Nimmo of KPMG LLP was appointed provisional liquidator on September 14.
He said: "Despite its strong reputation as a supplier of temporary workers for the engineering and logistics sectors, Spectrum Social Network Ltd has experienced challenging trading conditions in recent times.
"Unfortunately, due to those conditions it is no longer viable to trade the business as a going concern and all 200 staff have been made redundant with immediate effect."
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 Israel's propaganda machine is finally starting to misfire
- 5 'Hello mum, this is going to be hard for you to read ...'
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness – including don’t try to convert other people
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
- < Previous
- Next >
iJobs Money & Business
£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...
£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...
Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...