About 80 Scots jobs axed in computer reseller collapse
Nearly all of Misco's workforce at its warehouse in Greenock will be affected.
Around 80 Scottish jobs are being axed with the collapse of computer reseller Misco.
It has partly blamed its financial troubles on competition from online retailers such as Amazon.
About 300 people are expected to lose their jobs across the UK.
They include nearly all of the 80 staff employed at Misco's warehouse in Greenock, Inverclyde.
Geoff Rowley, joint administrator at FRP Advisory, said: "Misco UK had made great progress since the change of ownership and new investment in March this year.
"But the company's turnaround plans could not deal sufficiently with the rapid deterioration in cash flow after the sudden tightening of credit insurance terms."
"These efforts came at a time of heightened competition from other globalised online retailers which have eaten heavily into the margins of even established IT resellers like Misco," he added.
Efforts to save the business fell flat after it failed to attract any firm offers.
While Misco UK has ceased trading, the move will not impact Misco Europe, which continues to operate in Italy, Spain, the Netherlands and Sweden.
A total of 30 staff will be kept on during the administration process, it is understood.