Page last updated at 16:16 GMT, Thursday, 14 May 2009 17:16 UK

Jobs lost at marine survey firm

An oil and gas exploration firm has gone into administration with the loss of 70 jobs, 27 from its Suffolk base.

UTEC Survey Limited employs 110 staff, 60 of which work on vessels operated by the company, with the remaining 50 at the site in Heath Road, Lowestoft.

A boat owned by the company with survey crew on board is continuing operations in the Mediterranean Sea while talks take place with the contracted client.

A decision on the need for any further redundancies will be made later.

The remaining 23 staff at Lowestoft are continuing to provide support functions for the vessel.

Andrew Turner, from chartered accountancy firm Lovewell Blake, is assisting the administrators, Ritson Smith.

He said: "It has been a difficult week for the employees of the company. The loss of jobs is regrettable, but unfortunately unavoidable."



Print Sponsor


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific