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128 jobs to go at car parts plant 128 jobs to go at car parts plant
(about 2 hours later)
A car parts manufacturer in south Wales has announced that it is to cut 128 jobs. A car parts manufacturer in south Wales has announced 128 job cuts.
TRW Automotive, which employs about 500 people in Pontypool, blamed the end of a contract for the job losses, which may include compulsory redundancies.TRW Automotive, which employs about 500 people in Pontypool, blamed the end of a contract for the job losses, which may include compulsory redundancies.
The company makes braking components for several vehicle manufacturers. The company, which makes braking components for several manufacturers, will cut 103 manufacturing jobs and 25 in staff and support roles.
Plant manager Steve Stott said the firm was in an "extremely tough industry" and it had to remain competitive to secure the plant's long-term future. Manager Steve Stott said the industry was "extremely tough" and it had to be competitive to secure its future.
The company will cut 103 manufacturing jobs and 25 in staff and support roles.
Consultation has begun with employees and trade unions.Consultation has begun with employees and trade unions.
Mr Stott said: "We hope to achieve this reduction through volunteers, but recognise that there may need to be some compulsory redundancies. Mr Stott said a contract worth about a quarter of the work at the factory was coming to an end in February.
"Despite success at winning some new business, our overall production will be down next year and we face reduced profit margins. We have to take steps to manage our cost base appropriately," he said.
"We hope to achieve this reduction through volunteers, but recognise that there may need to be some compulsory redundancies.
"We will provide all necessary support to our employees at this difficult time including outplacement support to help people find alternative jobs.""We will provide all necessary support to our employees at this difficult time including outplacement support to help people find alternative jobs."
In August 2005 156 job cuts were also announced at the Pontypool factory, which the company blamed on a fall in business partly as a result of the closure of Rover in the West Midlands. 'Bitter blow'
In August 2005, 156 job cuts were also announced at the Pontypool factory, which the company blamed on a fall in business partly as a result of the closure of Rover in the West Midlands.
Graham Smith of the trade union Amicus said he was disappointed that a valleys community was hit by job losses, on top of last year's TRW cuts.
The American-owned company is one of the biggest of its type in the world, with about 63,000 workers in 26 countries.The American-owned company is one of the biggest of its type in the world, with about 63,000 workers in 26 countries.
Pontypool AM Lynne Neagle said she would raise the issue with Enterprise Minister Andrew Davies in the Welsh assembly on Wednesday.
Welsh Conservative economic development spokesman Alun Cairns said the announcement was a "bitter blow to an area which can ill-afford to lose so many jobs".
He added: "This news could not have come at a worse time for Labour, on the day they launched a key election pledge on the economy".