Llandrindod Wells firm axes 66 workers

Sixty-six workers have been made redundant from one of Llandrindod Wells's biggest employers, administrators today revealed.

IXL 2008 Limited in Tremont Road was placed in the hands of administrators on Tuesday but it is hoped that the business can be sold as a going concern.

ReSolve Partners LLP today said 66 people had lost their jobs at IXL 2008 but the firm, which supplies stationery, would continue to trade with a skeleton workforce to fulfil existing orders.

Councillor Sarah Millington, of Llandrindod Wells, said she feared people would struggle to find jobs.

She said: "It is a massive loss to the town in terms of regeneration and I hope a buyer can be found soon.

"Dozens of families will now be left struggling to cope and most will be left with no other option but to go on benefits."

Llandrindod Wells mayor Councillor Gary Price said the Mid Wales economy had been completely destroyed by the recession.

"It is an absolute tragedy that 66 jobs are to be lost at IXL and the impact on the town and its economy is going to be felt for years to come," he added.

One worker, who did not wish to be named, said the news had come as a complete shock to the employees.

"We knew things weren't too good but we didn't know this would happen, especially so soon," he said.