oil price slump

Oil & Gas

Aberdeen-based energy firm GOT goes bust, 19 jobs lost

04/07/2015

A strong order book could not prevent Aberdeen-based procurement services firm Gas and Oil Technology (GOT) going bust, with 19 jobs lost amid the oil price downturn. Work ground to a halt at GOT because the firm did not have enough stock to fulfil its orders, despite investing heavily in infrastructure in recent years, administrators from KPMG said yesterday. Nineteen of GOT’s 23 employees have been let go with immediate effect, with the remaining four staying on temporarily to help wind down the company.

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