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Cardboard maker to shed 80 jobs Cardboard maker to shed 130 jobs
(about 1 hour later)
A cardboard manufacturer is to close with the loss of 82 jobs at its site in Torfaen.A cardboard manufacturer is to close with the loss of 82 jobs at its site in Torfaen.
Western Corrugated, which set up in Cwmbran in 1984, is also closing its operation in Wolverhampton, where 49 workers are being made redundant.Western Corrugated, which set up in Cwmbran in 1984, is also closing its operation in Wolverhampton, where 49 workers are being made redundant.
Administrators KPMG say 24 staff will stay on to help wind-up the company, however it has now ceased trading.Administrators KPMG say 24 staff will stay on to help wind-up the company, however it has now ceased trading.
They say it follows an assessment of the business and say it is "no longer viable".They say it follows an assessment of the business and say it is "no longer viable".
In 2008, the company shed 60 posts at its Cwmbran factory in a bid to shore up the business.In 2008, the company shed 60 posts at its Cwmbran factory in a bid to shore up the business.
Administrators said the latest decision was taken because of continuing trading difficulties.Administrators said the latest decision was taken because of continuing trading difficulties.
It said there was an over-capacity in the cardboard market and rising costs due to an increase in paper prices.It said there was an over-capacity in the cardboard market and rising costs due to an increase in paper prices.
Joint administrator Joff Pope of KPMG said: "Unfortunately following our assessment of the business since our appointment we have established that it is no longer viable and therefore have no choice but to cease trading with immediate effect."Joint administrator Joff Pope of KPMG said: "Unfortunately following our assessment of the business since our appointment we have established that it is no longer viable and therefore have no choice but to cease trading with immediate effect."
Torfaen council leader Bob Wellington said it was "bitterly disappointing" news for the area and the local economy.
"We will be doing everything we possibly can to identify what support can be provided to those affected," he added.