Published Friday, 17 January 2014
Mivan was one of Northern Ireland's most prominent building firms. (© Pacemaker)
The business, which did employ 289 workers, entered administration after the breakdown of recent merger talks with another company.
Chief Executive Ivan McCabrey said the company had suffered from intense competition in the global construction and fit-out market.
On Friday, a spokesman for administrators Deloitte confirmed that 98 people had been informed that they had lost their jobs.
Peter Allen of Deloitte, and administrator of Mivan, commented: "While we hope to achieve a potential sale of the business, we are reviewing trading on a daily basis and this includes the employment situation.
"Where customers can no longer continue with contracts, the jobs associated with these contracts have, unfortunately, been lost.
"We would like to thank the company's employees for their support and professionalism during this time."
Mivan had undertaken a number of prestigious projects including outfitting the Scottish Parliament at Holyrood and refurbishing the luxury QE2 liner.
The firm holds a Queen's Award for Export and has twice been named UK Construction Firm of the Year.
Antrim councillor Paul Michael said the loss would have a big impact in the borough.
The Ulster Unionist representative said: "To have this amount of jobs lost and more under threat is very serious, particularly for a town like Antrim.
"Mivan has been a world renowned company and one that has put Antrim on the map and I think it is our duty and our role to do all we can to keep them on the map and to keep selling the very good work they do and all the work they do for the people of Antrim.
"We have to acknowledge the current economic climate and obviously that has played its part here, but we will continue to highlight the good work the company does and how it promotes Antrim.
"Anything we can do to protect and retain these jobs we will do."
© UTV News