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Scottish Coal ceases trading

Almost 600 people have been made redundant at mining firm Scottish Coal after the firm went into liquidation on Friday.

The announcement comes after an Edinburgh’s Court of Session appointed auditor KPMG’s Blair Nimmo and Tony Friar joint provisional liquidators for Scottish Coal.

About 450 of the firm’s staff were given redundancy notices on 7 March 2013. A futher a 140 will now be made redundant with 142 have stayed to help secure sites.

“In light of Scottish Coal’s poor trading and financial position, we have had to cease trading with immediate effect,” said Nimmo. “It is extremely regrettable that we have had to make so many redundancies but have been left with no other option.”

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