In a statement, the administrator said "it has been necessary to make a number of staff redundant as of 9 November".
There are reports that the company is poised to make several thousand of its staff redundant.
The railway's chief executive Graham Oliver said he may have to make some of its 52 staff redundant.
Meanwhile, regional airline Flybe has said it expects to make 15 of its 150 staff redundant at its Belfast base.
"Sadly we do not have the funding necessary to keep employees on, so it is with great regret that we place ourselves in a position where we will have to make redundant later today the vast majority of the workforce, " a representative of administrators PriceWaterhouseCoopers said.
First they make me redundant and then they kick me out of my house.
Surrey are set to make 20 of their off-field staff redundant in an attempt to plug a budget deficit, while Kent have had to deny rumours that they are in danger of going into administration.
The inquest heard one of the first tasks she had to perform was to make one part-time teacher, Angela Mercer, redundant at the end of the school year - something she found difficult and which was having a "detrimental effect upon her".
"It would make porous distribution mechanisms and our dependence on the moral scruples of the bureaucrats redundant, " he says.
The company is in "good shape" with continued growth in the first three quarters of the year and there were no plans to make permanent staff redundant, it added.
But in return, Greece must make deep cuts in public spending, slashing pensions and wages and making thousands of civil servants redundant.
BBC: Greek cabinet backs George Papandreou's referendum plan
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