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330 jobs at risk at Mabey Bridge, Chepstow | 330 jobs at risk at Mabey Bridge, Chepstow |
(35 minutes later) | |
An engineering firm has announced the proposed closure of one site in Chepstow and the sale of another, putting 330 jobs at risk. | An engineering firm has announced the proposed closure of one site in Chepstow and the sale of another, putting 330 jobs at risk. |
Mabey Bridge has begun a consultation on the planned closure of its business in Station Road where 150 people work. | Mabey Bridge has begun a consultation on the planned closure of its business in Station Road where 150 people work. |
It is also looking for a buyer for its renewables section in Mathern, Chepstow, which employs 180 people. | It is also looking for a buyer for its renewables section in Mathern, Chepstow, which employs 180 people. |
A company spokesman said it anticipated a buyer would be found to support that area of the business. | A company spokesman said it anticipated a buyer would be found to support that area of the business. |
"We have not made these decisions lightly and we understand that this is a very difficult time for our people." the spokesman added. | "We have not made these decisions lightly and we understand that this is a very difficult time for our people." the spokesman added. |
'Absolutely stunned' | 'Absolutely stunned' |
BBC Wales understands the firm is now looking for employees to apply for voluntary redundancy. | BBC Wales understands the firm is now looking for employees to apply for voluntary redundancy. |
One employee said: "Everyone's absolutely stunned, some people guessed what was going to happen but the majority had no idea at all. | One employee said: "Everyone's absolutely stunned, some people guessed what was going to happen but the majority had no idea at all. |
"The announcement today is that the infrastructure side is gone, that it will finish. It was just shock, complete and utter shock; very few could believe that they have taken such as drastic decision." | "The announcement today is that the infrastructure side is gone, that it will finish. It was just shock, complete and utter shock; very few could believe that they have taken such as drastic decision." |
The company's infrastructure section makes highway bridges, railway bridges, footbridges and sign gantries while its renewables division builds wind turbine towers and carries out work in offshore renewable energy. | The company's infrastructure section makes highway bridges, railway bridges, footbridges and sign gantries while its renewables division builds wind turbine towers and carries out work in offshore renewable energy. |
Analysis, Brian Meechan BBC Wales business correspondent | |
Mabey Bridge is a big name in the construction industry, particularly here in Wales. | |
It is a company that has been expanding; it has been looking at different areas, taking on different work. | |
It had a big contract in Scotland with wind power operator Vattenfall, which is building a much bigger 76-turbine site in Neath Port Talbot, so the potential there was for a lot of business, so this has shocked people in the construction sector. |