Joint administrator Blair Nimmo said the cuts were necessary to ensure staffing was aligned with a sustainable and profitable customer base. KPMG is still looking for potential buyers for the company, which is based in Kilbarchan, near Glasgow.
The firm had sales of 13m for the nine months to 31 December 2001, but sales have fallen by a third over the past five years.
Smith & McLaurin was placed in administration on 27 May after suffering from overcapacity, price cuts and declining sales. It was taken over by German company Schleipen & Erkens in February 2000.
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