Fife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company.
The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis.
The move involved cutting around 50 jobs from the 530-strong workforce, but the axe fell again in November after the company missed out on renewing a key £14m contract with Lloyds Banking Group.
Management moved to cut a further 50 jobs from the workforce and warned that its 2016 financial performance was likely to be materially impacted by the loss.
In its results for 2015 pu…
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