And the loss of these pay packets will be felt in the city’s retail sector as people with less money in their pockets cut back on non-essential purchases.

Most of NCR’s suppliers are understood to be based in the Dundee and Angus area, but the company also did business with firms from further afield.

For every manufacturing job, it’s widely accepted that another one-and-a-half jobs are supported elsewhere in the local economy.

That’s according to a multiplier used by the likes of councils, Scottish Enterprise and the Scottish Government. The same statistics suggest that the financial impact on the local economy could run into millions of pounds.

Charles Goodall, of the Dundee and Angus branch of the Federation of Small Businesses, said the redundancies were a “bitter blow” for those involved, but would also cause hardship amongst suppliers.

He said, “Our hearts go out to the people who are losing their jobs. Even though it might have been expected, it’s a hard, hard thing when it happens.

“From a small business point of view, for suppliers of products or services to these companies, it may also be very hard as some of them may not have been paid yet and that could put their businesses at risk.

“There are so many small companies like local shops and cafes that depend on all these firms as well and there are other companies in Dundee and Angus and the surrounding area who will have done business with them, too.

“The impact will be felt far and wide, there’s no doubt about that.”

Mr Goodall said those made redundant would find themselves in a more difficult position than their colleagues who lost their jobs two years ago when the economy was in a better shape.

He added, “It’s very, very difficult for people to find jobs out there right now. Hopefully, the council, etc, will help NCR workers with retraining, but it won’t be easy finding employment.”