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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 people, 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. The blow in this small pocket in south Wales, 600 jobs in one day, is an absolute body blow to the economy Alun Cairns AM, Conservative
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
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."
Buyout
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. Meanwhile, the Serious Food Company in Llantrisant has 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. The company makes juices for the main supermarket chains. It was formerly known as Sunjuice, which was founded in 1987 as a subsidiary of the Caribbean-based Jamaica Producers Group, originally a fruit growers association.
Its new headquarters on the Llantrisant business park were opened by First Minister Rhodri Morgan in 2006. It had seven workers, but grew to becoming a market leader in Europe, producing 100m 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.The company also moved into soups and has a distribution depot in Berkshire.
Alun Cairns, Conservative AM for South Wales West, said: "The blow in this small pocket in south Wales, 600 jobs in one day, is an absolute body blow to the economy.
"We can compare it to the closure of a major manufacturing unit in somewhere like Cardiff."