TIPPER manufacturer Crane Fruehauf went into administration on Monday with the loss of 345 jobs.
The Norfolk based company ran out of cash leading to administrators from PricewaterhouseCoopers taking charge. A skeleton staff of 25 is working with the accountants after 345 staff were shown the door.
Crane Fruehauf has been hit by falling orders and the strength of the pound. It made 16 people redundant in December and a further 70 last month.
Joint administrator Stephen Oldfield said: 'Employees have endured increasing uncertainty, with wages only just being paid in January and earlier rounds of redundancies.
'Unfortunately, with insufficient cash to pay February's wage bill, we could not continue to trade the business.
'Efforts will be made to try to find a buyer for the business - probably in a reduced form.'