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125 job losses as Chepstow building factory closes 125 jobs at risk at Chepstow wind turbine factory
(35 minutes later)
A 160-year-old Monmouthshire bridge building factory is to close with the loss of 125 jobs. A Monmouthshire factory that makes components for wind turbines is set to close, putting 125 jobs at risk.
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 the Chepstow-based part of the 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 is due to 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."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. Ms Stacey said uncertainty in the onshore wind industry market had been a contributing factor in the decision.
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.