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| 125 job losses as Chepstow building factory closes | 125 job losses as Chepstow building factory closes |
| (34 minutes later) | |
| A 160-year-old Monmouthshire bridge building factory is to close with the loss of 125 jobs. | A 160-year-old Monmouthshire bridge building factory is to close with the loss of 125 jobs. |
| Since announcing plans to close its Chepstow-based renewables business last December, Mabey Bridge has been trying to sell it. | Since announcing plans to close its Chepstow-based renewables business last December, Mabey Bridge has been trying to sell it. |
| Those efforts have failed and the operation will end in September. | Those efforts have failed and the operation will end in September. |
| Chairwoman of Mabey Group, Juliette Stacey, said that every effort had been made to find a buyer, with more than 50 companies approached. | Chairwoman of Mabey Group, Juliette Stacey, said that every effort had been made to find a buyer, with more than 50 companies approached. |
| "This is not a decision that we have taken lightly and we understand that this is a very difficult time for our people," she added. | |
| Ms Stacey said uncertainty in the onshore wind industry market had been a contributing factor as a large part of the factory's work was making towers that wind turbines were fixed to. | |
| The company also provides bridging and infrastructure for military, transport, oil and gas projects as well as for emergencies and disaster relief. | |
| A Welsh government spokesman called the closure "bad news" and said assistance had already been offered to help staff find new jobs or retrain. | A Welsh government spokesman called the closure "bad news" and said assistance had already been offered to help staff find new jobs or retrain. |
| A 45-day consultation with affected staff is now under way. | A 45-day consultation with affected staff is now under way. |