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The construction firm PC Armatures has filed for insolvencyPicture credit: Tim Pierce 

The firm, based in Esch/Alzette, was specialised in the construction of family homes.

It has been reported that 50 employees will lose their jobs. The trade union LCGB organised a meeting to help them recover their outstanding salaries on Thursday 14 September. The trade union announced it would also help them find new jobs.

Furthermore, 49 employees of Guy Thomas Construction have also found out that their employer has become insolvent.