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Quinton Hazell, Mochdre and Lancaster: 196 jobs to go at car parts factories | |
(about 3 hours later) | |
Nearly 200 job losses have been announced at two car parts factories after administrators were called in. | |
A total of 79 staff at Quinton Hazell in Mochdre, Conwy, were told by administrators KPMG their jobs were going with immediate effect. | |
Another 117 jobs are going at the firm's Glasson Dock plant in Lancaster. | |
KPMG blamed "prolonged, challenging trading conditions". The Unite union had hoped the Mochdre plant could be sold as a going concern. | |
Workers were sent home early on Wednesday after KPMG were appointed to handle the affairs of the plant's Manchester-based parent company Klarius. | Workers were sent home early on Wednesday after KPMG were appointed to handle the affairs of the plant's Manchester-based parent company Klarius. |
A small number of workers are remaining at the plants to help with the winding up process. | |
Paul Flint, joint administrator and restructuring partner at KPMG, said: "Despite extensively marketing of the Glasson Dock (Lancaster) and Colwyn Bay sites to potential buyers, we were unable to find a buyer and have taken the difficult decision to wind them down." | |
He added that "prolonged challenging trading conditions in the automotive parts sector had an impact on Quinton Hazell's performance". | |
As a result this had created "cash-flow pressures" which in turn had affected the company's ability to trade as a going concern, he said. | |
The Lancashire plant was making exhausts and catalytic converters. | |
The factory near Colwyn Bay, founded by the late Eric Quinton Hazell after World War II, made 120 workers redundant in 2007. | |
Production of clutches was transferred to Warwickshire, with remaining staff making water pumps. |