Page last updated at 11:30 GMT, Wednesday, 6 May 2009 12:30 UK

Offshore company sheds 150 jobs

Oceanteam website
Employees were told the news at the company headquarters

About 150 people have lost their jobs in Aberdeen and Dundee after an offshore services company ceased trading.

Oceanteam Power and Umbilical has been forced to close after the firm's holding company withdrew its financial support.

Staff are based in Aberdeen, at workshops in Dundee, and offshore.

Global Marine has taken over contracts, and up to a 100 jobs are in the pipeline for those paid off.

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