A total of 33 workers at a railway maintenance firm in Springburn have been made redundant.
It was announced earlier this week that Railcare, which also has a site in Wolverton, Milton Keynes, had gone into administration.
The economic climate and difficult trading conditions significantly affected the business, together with reduced demand.
Around 105 workers are employed at the Springburn site. At Wolverton, 118 employees have been made redundant.
Bryan Jackson, business restructuring partner at administrators BDO, said: “Following discussions with customers, stakeholders and employees over the past two days, regrettably it has been necessary to make a number of redundancies at Railcare’s sites in Springburn, Glasgow and Wolverton, Milton Keynes.
“We can confirm that 33 employees have been made redundant at Springburn and 118 have been made redundant at Wolverton.
“The majority of staff remain at both sites and we are hopeful that continued customer spending will allow the company to trade through administration.
“We understand that this will be a distressing time for all concerned, and we will be working to provide what advice and support we can to affected employees.
“There are a number of interested prospective buyers, and the joint administrators are working to secure a successful long-term future for the business with the support of customers and remaining staff.”
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