Around 50 employees have been made redundant after a defence manufacturer went into liquidation.
Aerospace Machining Technology (AMT), a precision engineering business based in Granton, Edinburgh, went into liquidation on Wednesday.
Unions have expressed "utter devastation" at the loss of the jobs after what they are calling a "shock liquidation".
KPMG were appointed liquidators at the Court of Session on Wednesday and immediately made 51 or the 68 staff redundant.
They say the company started struggling earlier this year when cuts in the defence budget reduced orders. The next step is to try and find a buyer for the firm.
Blair Nimmo, from KPMG, said: "AMT has a highly skilled and experienced workforce and has more than 50 years of manufacturing experience in the avionic and medical sectors.
"The Liquidation represents an excellent opportunity to acquire a well known business with a highly skilled workforce. Any parties with an interest in acquiring the business are invited to contact the Joint Provisional Liquidators as soon as possible."
The Unite union said there was no warning to staff and many highly-skilled individuals were now left without a job.
Regional Officer Gillian McKay said: "AMT’s liquidation has come as a total shock to our members. There was no warning from management and absolutely no consultation with the trade union or any indication from them to suggest this would happen.
"We now have a ridiculous situation where exceptionally high quality precision engineering jobs are being thrown on the unemployment scrapheap due to the UK Government’s cuts agenda.
"Many of the experienced engineers are in their fifties and have given the company years of dedicated service – what happens to them now and in this economic climate?
"We have serious questions we want answered from the Managing Director at AMT and Unite will be working very closely with the liquidators to try and help salvage something from this mismanagement wreckage."
People who read this story also read
- Skeletal remains of an animal dug out the sands of Edinburgh beach
- Eleven saunas apply for licence renewal after legal challenge
- Woman allowed toddler to take 15 times the limit of tranquilliser
- Fabric company Gore-Tex open new £5m fabric plant in West Lothian
- Israeli ambassador voices concern to Alex Salmond over ‘extreme hostility’