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With the gradual decline of textile manufacturing, printing and the mining industry over the past 30 years, Tillicoultry has changed from a manufacturing centre where most residents worked either within the town or the surrounding towns and villages, into a residential base from which most residents commute to work outside the town or county.
   
Many of the remaining mill buildings have, as a result of the decline in local industry, been converted into flatted accommodation, warehousing or retail outlets.
Most of the current employment within the town itself is within the retail and service sectors.
   

  Quarrying, recently ceased, was one of the few businesses to have continued throughout the past 150 years in Tillicoultry as the demand for Whin stone in the construction industry and civil engineering steadily  increased, creating the massive hole in the side of the Glen today. The extremely hard Whin stone, formed as a result of a volcanic plug which glaciation and erosion left standing proud of the face of the hills in the form of a bluff or crag.
On the top of the crag, called Castle Craig, when the quarry was in it's infancy, were the remains of an early hill fort or settlement. Unfortunately as the quarry expanded, devouring the Whin, most of the crag and all of the remains have gone. Only some of the front face of the crag in the form of a jagged point remains, partially masking the extent of the massive quarry hole behind it.
   
   

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