Jobs blow as Kelso firm Border Precision Engineering folds
A specialised engineering firm in the Borders has collapsed with the expected loss of up to 80 jobs.
It is understood staff at Border Precision Engineering were turned away from the factory in Kelso when they arrived on Monday.
They were briefed on the situation later in the day.
MSP John Lamont said the news was "extremely disappointing" and would "inevitably result in the loss of highly skilled jobs".
The company previously went into administration in 2013 - but was saved by a management buyout, backed by investors syndicate Tri Cap.
Twenty five people lost their jobs then - but about 70 to 80 people were still employed at the Pinnaclehill plant.
Mr Lamont said: "I was pleased when Borders Precision was saved a couple of years ago, but sadly it seems that this buyout hasn't protected jobs in the long term.
"This is desperately sad news for the staff and their families, who face the prospect of losing their jobs so suddenly.
"It is now vital that the authorities will now do all they can to help workers through this difficult time."
He urged any employees worried about their future to get in touch with himself or the Scottish government's Partnership Action for Continuing Employment (Pace).