This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/wales/south_east/7750844.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Threat to 600 jobs at factories | Threat to 600 jobs at factories |
| (10 minutes later) | |
| Nearly 600 jobs are under threat at two factories in south Wales. | Nearly 600 jobs are under threat at two factories in south Wales. |
| Cosmetics factory Budelpack International COSi at Maesteg, which employs nearly 400, has gone into administration. | Cosmetics factory Budelpack International COSi at Maesteg, which employs nearly 400, has gone into administration. |
| Last month the plant, which makes brands such as Clinique and Body Shop, cut its workforce by more than 200, blaming a sales slump. | Last month the plant, which makes brands such as Clinique and Body Shop, cut its workforce by more than 200, blaming a sales slump. |
| Up to 200 jobs could go at the Serious Food Company factory at Llantrisant, which makes fruit juices and smoothies. | Up to 200 jobs could go at the Serious Food Company factory at Llantrisant, which makes fruit juices and smoothies. |
| The 389 workers at Budelpack were told on Wednesday afternoon that they were being made redundant. | The 389 workers at Budelpack were told on Wednesday afternoon that they were being made redundant. |
| It is thought they will work their last shift on Friday. | It is thought they will work their last shift on Friday. |
| Administrator Grant Thornton blamed the downturn in the economy for the factory closure and said it aimed to secure a purchaser for the business. | Administrator Grant Thornton blamed the downturn in the economy for the factory closure and said it aimed to secure a purchaser for the business. |
| Buyout | Buyout |
| Grant Thornton director of recovery and reorganisation Alistair Wardell said: "It has been well documented that the general business climate is extremely challenging at the moment, but we will be making strenuous efforts to secure a purchaser for this business. | Grant Thornton director of recovery and reorganisation Alistair Wardell said: "It has been well documented that the general business climate is extremely challenging at the moment, but we will be making strenuous efforts to secure a purchaser for this business. |
| "In the meantime we will be working closely with customers, suppliers, local senior management and trade union representatives as we seek ways of maintaining manufacturing output at the plant." | "In the meantime we will be working closely with customers, suppliers, local senior management and trade union representatives as we seek ways of maintaining manufacturing output at the plant." |
| Budelpack used to be owned by Revlon and lies at the heart of the town where it has employed people since the 1960s. | Budelpack used to be owned by Revlon and lies at the heart of the town where it has employed people since the 1960s. |
| It underwent a buyout in November last year in an attempt to save jobs. | It underwent a buyout in November last year in an attempt to save jobs. |
| Meanwhile, the Serious Food Company in Llantrisant entered a 90-day consultation period with 800 staff. | |
| The company makes juices for the main supermarket chains. It was formerly known as Sunjuice, which was founded in 1987 with seven workers, but grew to becoming a market leader in Europe, producing 100 million litres a year. | |
| Its new headquarters on the Llantrisant business park were opened by First Minister Rhodri Morgan in 2006. | |
| The company also moved into soups and has a distribution depot in Berkshire. |