MORE than 80 jobs have been lost after a company in Fife entered administration.
Manufacturing firm Greenfold Systems Ltd, based in Dunfermline, entered administration on Thursday.
A total of 81 jobs have been lost after the "loss of a major contract".
Greenfold Systems Ltd supplied parts to bus company Alexander Dennis Limited, which recently revealed plans to move out of Scotland, putting 400 jobs at risk.
A significant proportion of the Greenfold Systems Ltd's operations were involved with the troubled bus firm.
The company entered administration after its contract with Alexander Dennis was withdrawn, the Dunfermline Press reports.
Employees at Greenfold Systems Ltd had previously been issued with notices of risk of redundancy.
There are 90 staff employed at the firm. It is understood that the nine remaining employees who were not made redundant on Thursday will stay at the firm on a "short-term basis" to complete an existing contract.
Callum Carmichael and Michelle Elliot of FRP Advisory, and Shona Campbell of Henderson Loggie LLP, were appointed as administrators on Thursday.
They are now progressing an orderly wind down of the business, which includes a sale of its assets.
A statement from the administrators on Thursday said: "The administrators are providing affected staff with guidance and support, including assistance with claims to the Redundancy Payments Service.
"The remaining nine employees are being retained on a short-term basis to complete a customer contract."
Callum Carmichael, joint administrator of Greenfold Systems Ltd and partner at FRP, said: “Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain.
"Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors.”
