For whom the bell tolls: Scottish Coal go into Liquidation

“In light of Scot­tish Coal’s poor trad­ing and finan­cial posi­tion, we have had to cease trad­ing with imme­di­ate effect,”
-Blair Nim­mo, joint pro­vi­sion­al liq­uida­tor and head of restruc­tur­ing at KPMG in Scot­land.

“In light of Scot­tish Coal’s poor trad­ing and finan­cial posi­tion, we have had to cease trad­ing with imme­di­ate effect,”
-Blair Nim­mo, joint pro­vi­sion­al liq­uida­tor and head of restruc­tur­ing at KPMG in Scot­land.

Scot­tish Coal, the UK’s biggest coal pro­duc­er, has announced today that they are enter­ing admin­is­tra­tion. Due to recent “sig­nif­i­cant cash flow pres­sures” they have laid-off 600 work­ers and stopped all pro­duc­tion at their six open cast sites.

New open cast sites are unlike­ly to hap­pen, and this is some­thing to be hap­py about. How­ev­er, 600 peo­ple have lost their jobs, and they won’t be the mon­ey­men at the top, but the work­ers with lit­tle safe­ty net. They have also had their last week of wages stolen, as this won’t be paid. For those liv­ing next to exist­ing or unre­stored sites this means scars on the land­scape that are unlike­ly to be fixed any time soon. It’s time to get angry, and take back the land and wages that Scot­tish Coal boss­es have stolen.