A Bath-based geotechnical engineering and marine survey group has gone into administration.
Geotechnical Engineering and Marine Surveys Limited and Gems Survey Limited, known as GEM Group, went into administration on December 4 and stopped trading immediately with the loss of 132 jobs across the country.
It is not known how many workers based at the firm's Railway Place offices in the city have lost their jobs.
The company also had offices in Devizes, Gravesend and Middlesbrough.
Zelf Hussain, Rob Hunt and Rob Lewis of PricewaterhouseCooper (PwC) were appointed joint administrators.
PwC said the business was placed into administration following the loss of major contracts. The firm added that just 12 employees had been kept on to assist with the collection of money owed to the group.
Mr Hussain said: "Regretfully, without financial support to overcome the group's operational issues, we have had to make the majority of the workforce redundant with immediate effect. Our immediate priority now is to repatriate employees that are overseas and then to find homes for the remaining contracts. We encourage any interested parties to contact us as a matter of urgency."
The job losses come as the Office for National Statistics releases new statistics on the country's labour market, which revealed the South West has the lowest unemployment rate in the country at 5.7 per cent, and one of the highest employment rates at 74.7 per cent. The region also has one of the lowest levels of Jobseeker's Allowance claimants at 3.2 per cent.
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