Car parts firm reveals plans to axe 170 workers
More than 170 jobs are at risk after a car parts manufacturing firm announced plans to close a factory and lay off workers at another site.
Stadco confirmed that it was looking to close its Llanfyllin factory in Mid Wales, a move that would result in the loss of 129 jobs, as well as making 40 people redundant at its Telford operation at Hortonwood.
The company, which is part of Magna International, said three jobs were also at risk at its Castle Bromwich site.
The firm said it is now beginning a consultation with staff and unions.
A statement from the company said: "Stadco, a manufacturing division of Magna International Inc’s Cosma International operating unit, has informed its workforce that it has made the difficult decision to propose a restructure of its UK-based body-in-white divisions
"The proposal if ratified would see the closure of its Powys facility, in addition to headcount reductions at its Telford and Castle Bromwich facilities and group offices.
"This will put 129 employees at risk in Powys, 40 in Telford and 3 in Castle Bromwich.
"A period of formal collective consultation will now begin with the recognised trade union, employee representatives and individuals as appropriate.
"Magna is focused on ensuring continued supply for current customers and providing support and assistance to all affected employees. As this is an ongoing process, we cannot disclose any further information at this time."
