Administrators have confirmed that 44 staff members have been made redundant at an engineering firm in Dumfries.
Penman Engineering employs 61 people and specialises in designing military vehicles for the Ministry of Defence.
In a statement today, administrators KPMG said despite its long heritage and considerable efforts from employees and owners, cash pressures made the business 'unsustainable.'
The remaining 17 members of staff will be kept on to assist in the administration process.
Blair Nimmo, Head of Restructuring at KPMG UK and joint administrator, said: “Penman Engineering has a long heritage of producing highly specialised armoured vehicles from its base in the south of Scotland.
"The company’s experienced, knowledgeable team has worked tirelessly to find long-term sustainable solutions, but – regrettably – cashflow challenges have left the owners with no other choice but administration.
“Our focus as administrators will be on assessing what options are available for the business and ensuring clients and impacted staff members are fully supported throughout this difficult process.
"This includes working closely with Skills Development Scotland, via their PACE team, to support those who have been made redundant.”
The First Minister says the Scottish Government will also help workers who have lost their jobs.
It's the second time in three years that the business has fallen into administration. Back in 2017 the firm was rescued by a Hull-based vehicle repair company, Martin Williams Ltd.
The company has been in operation since 1859.